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Tag Archives: Ministry of Commerce (MoC)

Bangladesh sets to formulate gold import policy soon

DHAKA: The government is set to formulate a national gold import policy soon to facilitate expansion of jewellery business in the country, a senior official at the Ministry of Commerce (MoC) told media. The local jewellers for long have been demanding formulation of a national gold policy to regulate the country’s jewellery business and allow them to buy bullion from ... Read More »

China’s ‘farm produce’ prices up 6.3% in 36 major cities

BEIJING: China’s farm produce prices raised up 6.3 percent in 36 major cities last week as demand rises before spring festival, China Ministry of commerce (MOC) said in a statement. From Feb 9 to 15, average prices for 18 monitored vegetables surged 6.3 percent from a week earlier, led by cow-peas, green peppers and cucumbers, MOC said . Prices for ... Read More »

China’s FDI rises 29.4% to $13.92 billion in Jan 2015

BEIJING: A Spokesman of Ministry of Commerce (MOC), Shen Danyang, said during a conference that China’s foreign direct investment (FDI) raised 29.4 percent to $13.92 billion in January 2015. The pace of growth quickened from a 1.7 percent increase in 2014, as investment in the country’s service industry continued to pick up steam. A total of $9.18 billion, around 66 percent ... Read More »

Commerce Ministry eyes materialisation of Pak-Afghan Logistic Company

ISLAMABAD: The Ministry of Commerce (MoC) and visiting delegation of Afghan officials and business men will ponder over the removal of obstacles in the bilateral trade today (Friday). In this regard, MoC is organizing a symposium-type ceremony here with Afghan President in the chair while Minister for Commerce and high powered Pakistani delegation will be there to deliberate over ways ... Read More »

Commerce Ministry launches hunt for competent Additional Secretary

ISLAMABAD: In the wake of ongoing developments and seriousness of challenges confronted by Pakistan on both the foreign and domestic trade, the Ministry of Commerce (MoC) is looking for some competent and experienced officer to bridge the vacuum emerged following transfer of Additional Secretary Fazal Abbas Maken. Abbas has been taking care of Ministry’s affairs pertaining to local and international ... Read More »

Commerce Ministry gears up efforts reduce trade deficit

ISLAMABAD: The Ministry of Commerce (MoC) has taken numerous measures to reduce trade deficit and to have positive trade balance with every trading partner. Following the MoC’s initiatives, the Trade Development Authority of Pakistan (TDAP) has arranged trade fairs and exhibition to promote Pakistani exports and TDAP took Pakistani exporters to 10 exhibitions in USA alone during 2013-14. An official ... Read More »

Commerce Ministry directs State Life head to reinvestigate corruption cases

ISLAMABAD: The Ministry of Commerce (MoC) had directed newly- appointed Chairperson State Life Insurance Corporation (SLIC) to re-investigate into the cases of corruption and financial misappropriation surfaced in last five years. The MoC has also asked Nargis Ghaloo to prepare a report regarding possible legal action against the official found involved in corrupt practices. SLIC has mission to remain the ... Read More »

Commerce Ministry to take up Indian subsidized agri exports at WTO

ISLAMABAD: The Ministry of Commerce (MoC) has decided to take up the trade injury of export of subsidized Indian agricultural products at the forum of World Trade Organization (WTO). ‘The very issue of imposition of non tariff barriers on Pakistani exports will also be raised at WTO,” a source privy to Minister for Commerce told this scribe here on Wednesday. ... Read More »

Commerce Ministry plans infrastructure uplift at dry ports

ISLAMABAD: The Ministry of Commerce (MoC) is likely to spend a huge sum of money on the establishment of infrastructure to facilitate exporters to meet the international standards. As per policy guidelines prepared by the MoC in this regard, the Ministry would establish infrastructure like construction of cold storage, hot water treatment plants and other facilities at dry ports mainly ... Read More »

Commerce Ministry to get guidance from PM on declining exports

ISLAMABAD: The Ministry of Commerce (MoC) will present report on declining exports to Prime Minister Nawaz Sharif to seek further guidance in this regard, Customs Today learnt on Thursday. The MoC has carried out a comprehensive exercise to find out reason and factors behind the declining exports especially during last four months. A well-placed source privy to the Commerce Minister ... Read More »

Commerce Ministry strives for reduced tariffs on textile exports to Japan

ISLAMABAD: The Ministry of Commerce (MoC) is striving for getting tariffs on Pakistan’s textiles exports to Japan reduced, it was learnt here on Thursday. The MoC is also holding deliberations on sending a trade delegation to Japan for an open and extensive session with Japanese importers in this connection. Pakistan’s major exports are textile thread & textile products while Pakistan’s ... Read More »

Dastgir to convince overseas investors today

ISLAMABAD: Federal Minister for Commerce Khurram Dastigr will try to motivate overseas investors to invest in Pakistan today (Thursday). The Minister will also listen problems and hardships of the investors during an interactive session with overseas investors during his address to members and office bearers of Overseas Investors Chamber of Commerce and Industry (OICCI). Well-placed at Ministry of Commerce (MoC) ... Read More »

Pharma clearance case: Fate of 76 Customs officials hangs in balance

KARACHI: The fate of the case linked with the clearance of pharmaceutical raw material still hangs in the balance, as the Ministry of Commerce (MoC) has yet to respond against the letter written by the Pakistan Customs authorities in order to settle the issue created between Federal Drug Regulatory Authority (DRA) and Pakistan Customs Services (PCS). It is pertinent to ... Read More »

PITAD plans holding 15 seminars for businessmen

ISLAMABAD: The Pakistan Institute of Trade and Development (PITAD) in collaboration with chambers and other trade associations has planned about 15 seminars on “Trade & Economic Issues” for business community in 2015-16. The PITAD would also undertake a number of short and long training courses on “International Trade & Economy” and would establish “National & International” linkages to undertake quality ... Read More »