Pakistan News

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  • Pakistan in global trade

    THE latest forecasts for global trade issued by the World Trade Organisation (WTO) show a situation which might be described as bland — the sluggish growth in the volume of world trade registered over the past two years is likely to continue through 2016...

    The figures may not be very exciting, but they do show developments in international trade which are worth highlighting, including for Pakistan...

  • ‘Pakistan, Afghanistan should work together to stop illegal trade’

    ISLAMABAD: Illicit trade, in arms narcotics and humans, is hurting both Pakistan and Afghanistan and the problem can be countered if both countries collaborate to do so, said Masood Khan, Director General of the Institute of Strategic Studies Islamabad (ISSI) on Monday...

    At a discussion on trade cooperation between Pakistan and Afghanistan, the former ambassador said though stopping illegal trade was no easy task, it could be...

  • ADB to invest $800m to improve Pakistan's regional connectivity, trade

    The Asian Development Bank (ADB) on Tuesday approved an $800 million investment plan that seeks to enhance regional trade and connectivity in the Central Asia Regional Economic Cooperation (CAREC) corridors of Pakistan, a press release issued by ADB said...

    The multitranche financing facility will increase Pakistan's regional connectivity and rehabilitate a total of 747 kilometres of Pakistan's road along the CAREC corridor, the press...

  • Pakistan, Turkey agree to enhance trade ties

    ISTANBUL: On the sidelines of the ninth D-8 summit, Prime Minister Shahid Khaqan Abbasi and his Turkish counterpart Binali Yildirim agreed to bolster relations in diverse areas with a focus on trade and economy...

    Mr Abbasi said Pakistan would continue to provide all possible support to Turkey on issues of national interest, including Cyprus...

  • Canada seeks more bilateral trade with Pakistan

    SIALKOT: High Commissioner of Canada in Pakistan, Perry John Calderwood, on Thursday stressed the need for boosting bilateral trade and investment between the two countries...

    Addressing a meeting of exporters held at the Sialkot Chamber of Commerce and Industry (SCCI), he urged Pakistani exporters to explore the trade markets of Canada...

  • Pakistan, US trade blame over cross-border terrorism

    The two-day visit of United States Central Command (Centcom) Commander Gen Joseph Votel, in which he held a series of meetings with senior Pakistani military commanders, including Army Chief Gen Qamar Bajwa, reinforced the perception that Pakistan and the US had not been able to narrow their trust deficit despite a series of high-level meetings...

    Bajwa says Islamabad’s efforts for peace in Afghanistan are not being reciprocatedThe...

  • Thailand looks to double trade with Pakistan

    KARACHI: With the implementation of a free trade agreement (FTA), which is about to be finalised, the bilateral trade between Pakistan and Thailand will be doubled...

    Speaking at the opening ceremony of three-day Thailand Exhibition on Friday, Suwat Kaewsook, the Consul General Thai Consulate in Karachi, said Pakistan has made substantial progress over the years and bilateral trade and diplomatic relations between both the countries...

  • Pakistan seeks changes in free trade agreement with China

    ISLAMABAD: Pakistan will try to convince Chinese authorities to revise the existing free trade agreement (FTA) on the less-than-equal reciprocity principle, Commerce Minister Pervaiz Malik told Dawn on Friday...

    The move is aimed at overcoming the trade imbalance that exists between the two countries...

  • Regional trade mostly in favour of Pakistan

    KARACHI: Pakistan maintained a trade surplus with all neighbouring countries, except India, in the first two months of 2017-18...

    The share of Indian exports to Pakistan increased during the two months despite border tensions and poor diplomatic ties between the two South Asian countries...

  • London mayor to visit Pakistan to boost trade ties

    London mayor Sadiq Khan will lead a trade mission to Pakistan later this year, meeting politicians, top business figures and professionals with a view to boosting economic and cultural ties with London, said an announcement on a government website...

    According to the announcement, the trip is aimed at strengthening trade and investment links as well as promoting cultural exchange...

  • Kabul puts off transit trade meeting with Pakistan

    ISLAMABAD: Kabul has unilaterally put off a meeting of the Afghanistan-Pakistan Transit Trade Coordination Authority (APTTCA), a high-level forum set up to deal with problems hindering smooth implementation of a revised transit treaty...

    The suspension of talks is likely to translate into a decline in trade between the two countries...

  • One way to bridge Pakistan's widening trade deficit

    Though the external account imbalance has been endemic to Pakistan’s economy, the spike during the last three years is unprecedented and startling...

    Firstly, the 19pc decline in Pakistan’s exports since FY2014 has coincided with 16pc contraction of the global market — from $19 trillion in 2014 to $15...

  • No to CPEC unless Pakistan provides trade access to India: President Ghani

    Afghan President Ashraf Ghani has said that his country will not be a part of the China-Pakistan Economic Corridor (CPEC) unless it is given access to Pakistan's Wagah and Attari border, DNA India reported on Wednesday...

    Addressing a gathering at the Vivekananda International Foundation in New Delhi, Ghani said that Kabul will restrict Pakistan's access to central Asia if it is not given access to India through the CPEC project,...

  • Pakistan, Iran eye trade at $5 billion

    ISLAMABAD: Pakistan and Iran have agreed on a five-year trade facilitation plan to enhance bilateral trade to $5 billion...

    The understanding was reached during the seventh Pakistan-Iran Joint Trade Committee meeting held in Tehran on Wednesday...

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