KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the Ministry of Commerce to assist in adopting khashkhash as food and food ingredient, a statement said on Monday. The Unisame asked the Ministry of Commerce to urge the United Nations (UN) to revisit the Single Convention on Narcotic Drugs 1961, and remove the … Read more
BEIJING – China will emphasize roles of patent and trademark examination during the 14th Five-Year Plan period (2021-2025) for high-quality growth of the sector, according to a plan issued by the National Intellectual Property Administration (NIPA). By 2025, patent and trademark examination works are expected to be more efficient and timely in meeting the demands … Read more
KARACHI: United Business Group (UBG) patron-in-chief S M Munir has said that Pakistan’s culture should be highlighted in various events held abroad and in international trade fairs, a statement said. S M Munir, also a former president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) said, “We will also give suggestions to … Read more
Pakistan has been facing a huge trade deficit for the past many years, primarily on account of having more imports than exports. It is a huge challenge for the government to reduce it and control it, but there’s not much hope in sight as all economic indicators are looking down. Recently, a survey brought to … Read more
BEIJING – China on Tuesday unveiled new guidelines to ease pressures on foreign trade companies and keep the country’s exports and imports stable. The country will further open up the economy and carry out cross-cyclical adjustments to support medium, small and micro-sized foreign trade companies, and guarantee their orders and stabilize expectations, according to the … Read more
BEIJING: The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest free trade agreement, entered into force on Saturday, injecting vitality into multilateralism and free trade amid the Covid-19 pandemic and global economic recovery. After the agreement takes effect, more than 90 per cent of merchandise trade among members that have approved the agreement will … Read more
The emerging regional trade outlook after the US withdrawal from Afghanistan has led to an active engagement between Pakistan and Central Asian Republics. The US defeat in Afghanistan also eliminated the Indian influence in the neighbouring country, which sits at the crossroads to South and Central Asia. Capitalising on this, Pakistan is intensifying trade with … Read more
Dollar at new peak of Rs177.98 against rupee KARACHI: The rupee witnessed an unabated free-fall for the last several months, as the dollar hit a new record high of Rs177.98 at the closing on the interbank foreign exchange market on Wednesday, amid the monetary tightening announced a day ago. –SHAHNAWAZ AKHTER Read more PTCL Group … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has welcomed the Punjab government’s decision to withdraw an increase in the property tax, a statement said. The Excise, Taxation and Narcotics Control Department has issued a notification, in this regard. LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president … Read more
DOHA: Qatar has approved its budget for the 2022 fiscal year, Arab News quoted the country’s Minister of Finance Ali Al Kuwari said in a press conference. Revenues are expected to amount to 196 billion riyals ($53.8 billion), a 22.4 per cent rise compared to last year’s budget estimates, Asharq reported. Estimates for the budget were made while assuming … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and the Multan Chamber of Commerce and Industry (MCCI) have agreed to make joint efforts for the promotion of trade and industry, a statement said. The decision was made at a meeting of the office-bearers of both the chambers at the LCCI office. As per the … Read more
ISLAMABAD: Trade barriers between Pakistan and Denmark would be removed, a senior government official said. Talking to Ambassador of Denmark Lis Rosenholm, who called on him, Federal Minister for Interior Sheikh Rashid Ahmed emphasised the need to cement relations between both countries and also discussed other issues of mutual interests, including bilateral relations. The Danish … Read more
KARACHI: The Trade Development Authority of Pakistan (TDAP), in collaboration with the International Trade Centre (ITC), organised a seminar on “Women-in-Trade: Export Readiness 101” at the Quetta Chamber of Commerce and Industry for the capacity-building of women entrepreneurs in Pakistan, a statement said on Monday. This was the second in a series of planned seminars … Read more
ASHGABAT: President Dr Arif Alvi held a meeting with Turkish counterpart Recep Tayyip Erdogan and agreed to enhance bilateral trade and economic cooperation. They concurred to further strengthen the Economic Cooperation Organization (ECO) to achieve its objectives. The two leaders underlined the need for collective efforts of the region, particularly of the Islamic countries to … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested interprovincial trade of sugar and sugarcane to avoid shortage of the commodity in the country. FPCCI president Mian Nasser Hyatt Maggo proposed that the inter-provincial trade and transportation of sugar and sugarcane should be allowed to end disparity in the prices and … Read more
ISLAMABAD: Palestine desires to enhance existing bilateral ties with Pakistan in multi-sectors and take them to the optimum level for the benefit of the people of both countries, a diplomat said. “We are working on an extensive plan to enhance trade, tourism, cultural and educational exchanges for optimum bilateral relationships between brotherly countries,” Palestinian Ambassador … Read more
TERMEZ, Uzbekistan: As lorries arrive in bursts of dust at a logistics hub in Uzbekistan’s southern city of Termez, squatting drivers share complaints about how trade has suffered since the Taliban seized power next-door. “Before, our journey there and back took three days, now we are there for a week,” said Rafik Khujakov, an Uzbek who makes regular deliveries … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested doing trade with China in local currencies to reduce pressure on the foreign exchange reserves. Talking to delegations of Anjuman-e-Tajiran Lahore, Pakistan Steel Melters Association and Ferozepur Road Industrial Association, LCCI president Mian Nauman Kabir said that the chamber has requested the prime minister … Read more
RIYADH: Irish businesses visiting the kingdom this week have been discussing Irish-Saudi trade worth over $1 billion/annum, as well as potential new investment opportunities in food, agriculture, and financial technology, Arab News reported. A trade delegation was briefed on Tuesday at the headquarters of the Federation of Saudi Chambers of Commerce on investment opportunities that … Read more
DHAKA: China and Bangladesh have discussed how to promote the healthy development of economic and trade cooperation between the two countries in the post-Covid-19 pandemic era. The two sides had the discussions at the China-Bangladesh Economic and Trade Cooperation Forum 2021 and the inauguration of the Seventh Council of Chinese Enterprises Association in Bangladesh (CEAB) … Read more
KUALA LUMPUR: Malaysia’s exports rose 18.4 per cent to 95.59 billion ringgit ($22.85 billion) in August from a year ago, as exports to all major markets, Asean, China, the US, the European Union (EU), and Japan recorded a positive growth, official data showed on Tuesday. The export growth was contributed mainly by robust external demand … Read more
KARACHI: A delegation comprising senior officers of PAF Air War College led by Air Vice Marshal Hussain Ahmed Siddiqui visited the Karachi Chamber of Commerce and Industry (KCCI), where it was briefed about the role being played by the Karachi’s business community in the overall economic development of the country, a statement said on Friday. … Read more
TAIPEI: In an industrial unit on the outskirts of Taipei chefs are plating meals that will never be served in a restaurant: welcome to the world of “ghost kitchens”. Even before the pandemic sent an earthquake through the global restaurant trade, the ‘Amazonification’ of commercial kitchens was well underway, but coronavirus lockdowns and restrictions have fuelled … Read more
ISLAMABAD: Iran and Pakistan have great scope to enhance mutual trade relations and should consider setting up digital markets to boost bilateral trade up to the potential of both countries. This was stated by Syed Mohammad Ali Hosseini, Ambassador of Iran to Pakistan, while interacting with the business community during his visit to the Islamabad … Read more
DUBAI: The UAE will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties with, hoping it can wrap up some of those talks within a year, Reuters quoted UAE trade minister, as saying. The Gulf state, already a hub for global trade, this month announced plans … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Saturday urged the government to facilitate exports to new markets to overcome widening trade deficit. LCCI president Mian Tariq Misbah, senior vice president Muhammad Nasir Hameed Khan and vice president Tahir Manzoor Chaudhry have expressed concerns over 133 per cent increase in the trade deficit … Read more
NANNING: Pakistan’s Ambassador to China Moin-ul-Haque on Saturday invited the leading Chinese entrepreneurs to come and take advantage of the conducive and investment-friendly environment and a number of incentives offered by the government in Pakistan. Addressing the participants of the China-Pakistan Trade and Business Forum held on the sidelines of the China-Asean Expo, being held … Read more
LAHORE: Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel chairman Mian Anjum Nisar has warned of a much higher trade deficit during the current fiscal year, compared with the targeted deficit of $28.4 billion fixed by the government, a statement said on Saturday. Nisar said that the country’s July-August trade deficit has … Read more
