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Tag Archives: Trade

Dastgir for enhancement of Pak-Bahrain trade ties

ISLAMABAD: Minister for Commerce Khurram Dastgir has invited the business community of Bahrain to take the maximum benefit from the trade and business opportunities in different sectors of Pakistan’s economy. He was speaking at Pakistan-Bahrain Business Forum, which was jointly organised by the Bahrain Ministry of Industries and Commerce in collaboration with the Pakistani Ministry of Commerce and the Board ... Read More »

Dastgir reiterates principal of reciprocity in trade with India

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has once again emphasised that Pakistan is not going to grant non-discriminatory market access to India nor will Pakistan sign any new trade agreement with New Delhi unless it accommodates Pakistan’s main export items on the principal of reciprocity. “Pakistan is not going to grant non-discriminatory market access (NDMA) status to India until ... Read More »

Reduction in duties conditional for India to access Pak markets: Dastgir

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has said that India cannot be considered for Most Favoured Nation (MFN) status until it reduces tax rate on Pakistani textile products as agreed. In an interview Dastgir has said that the recommendations to grant MFN status to India have been replaced by Non-Discriminatory Market Access (NDMA) status adding that it will only ... Read More »

Pakistan Railways poised to focus on its role in future regional trade

ISLAMABAD: Pakistan Railways is currently developing focus on its activities while considering itself at regional scale as trade corridors with Afghanistan and Iran are being improved and work on Pak-China Trade Corridor has been intensified to make it profitable entity, said Railways Director General Operations Syed Mazhar Ali Shah. “Efforts are being made to resume commercial operations of Pakistan Railways ... Read More »

Procedures for ATT cargo under Customs Computerised System issued

ISLAMABAD: Federal Board of Revenue has issued a detailed procedure for processing and clearance of transit trade cargo under Customs Computerised System – to and from Afghanistan. FBR has amended Customs Rules, 2001 through an SRO 121(I)/2014 to issue the procedure of the transit under Customs Computerised System covering Afghan commercial cargo imported through Karachi Port, Port Muhammad Bin Qasim, ... Read More »

Fruit, vegetable exports post growth during last seven months

LAHORE: Exports of fruits and vegetables from the country during first seven months of current fiscal year have increased by 26.88 per cent and 14.65 per cent respectively. During the period from July to January during the current fiscal year, about 416,390 metric tonnes of fresh fruits worth $ 280.337 million were exported as compared to same period of last fiscal ... Read More »

Food group imports down by 8.95pc

LAHORE: Food group exports from the country during first seven months of current fiscal year registered increase of 6.3 per cent whereas food imports in the country decreased by 8.5 per cent as compared to same period of last fiscal year. During the period from July 2013 to January 2014, different food commodities worth $ 2.657 billion exported as compared ... Read More »

Textile exports up 7.6 pc in first 7 months of FY 2013-14

LAHORE: Exports of textile products from the country witnessed positive growth of 7.59 per cent during the first seven months of the current fiscal year when compared to the corresponding period of last fiscal year. The overall textile exports from the country were recorded at $ 8.035 billion during July-January (2013-14) as compared to the exports of $ 7.468 billion during July-January (2012-13), ... Read More »

Japan’s trade deficit soars despite export hike

TOKYO: Japan’s trade deficit has swelled in January to record limit, as data has showed. The ¥ 2.79 trillion ($ 27.3 billion) shortfall also underscored a boost in purchases of foreign goods ahead of an April sales tax rise, analysts said, as fears grow that the hike will derail a recovery in the world’s third-largest economy. Japan’s yawning deficit marked ... Read More »

Private firm comes up with anti smuggling system

ISLAMABAD: Digital Tracking and Coding Association has delivered a presentation to the Federal Board of Revenue and Directorate General of Intelligence and Investigation Inland Revenue on a modern, fully digital volume control, tracking & tracing and authentication system to promptly detect and fight against illegal trade in Pakistan. Sources said that the entity has been created by 4 biggest tobacco ... Read More »

Saudis express desire to enhance commerce with Pakistan

ISLAMABAD: Saudi Minister for Commerce and Industry Tawfiq Bin Fawzan Al Rabih while talking to the Federal Minister for Commerce Khurram Dastgir has expressed his desire to further strengthen the trade relations between Pakistan and Saudi Arabia. He assured his full cooperation in providing market access to Pakistani products in the Saudi market and proposed to hold a single country ... Read More »

Afghanistan asks to open up transit route for India

Afghanistan’s President Hamid Karzai has asked Pakistan to provide access for a transit route for trade between India and the land-locked country of Afghanistan, according to a report carried by the Press Trust of India. “Trade has to happen to establish prosperity in the region and keep it free of conflict. I hope Pakistan will soon give the transit route ... Read More »

Trade to resume across LoC

LAHORE: Pakistan and India have decided to resume trade across Line of Control in Kashmir after successful round of talks between the officials of the two countries. A source quoted Foreign Office Spokesperson Ms Tasnim Aslam as saying, “Decision has been taken to resume trade across Line of Control”. After almost four weeks long crisis over the stalled cross LoC trade, ... Read More »

Wahga customs station ready for operation at mass scale: Raghavan

KARACHI: Wahga Customs Station has been complete and would soon start functioning in order to facilitate trade with Pakistan. This was stated by Indian High Commissioner T.C. Raghavan. Addressing the office bearers and members of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and organising committee of Made in Pakistan Expo 2014, Raghavan said that Customs Station on Indian side ... Read More »

Nigerian High Commissioner calls on Pak businessmen to explore potential

LAHORE: The Nigerian High Commissioner Dauda Danladi has said that Nigerian market has huge potential for Pakistan’s rice, textile products, pharmaceuticals and agricultural machinery including tractors, therefore Pakistani businessmen should avail opportunities in these areas. The High Commissioner was speaking at Lahore Chamber of Commerce and Industry. LCCI President Engineer Sohail Lashari presented the welcome address. Chairman LCCI Committee for ... Read More »