ISLAMABAD: Prime Minister Imran Khan on Friday said that with all economic indicators moving towards a positive trajectory, there was a need to take immediate measures to check the existing gap between imports and exports. He directed the Commerce Division to present within the next two weeks Strategic Exports Framework for approval and set targets … Read more
KARACHI: The Model Customs Collectorate (MCC) Peshawar has said that the quantum of duty-free imports from Afghanistan has surged 73 per cent in the fiscal year 2020/21. The volume of imports from Afghanistan cleared through the collectorate during the fiscal year 2020/21 was Rs84.4 billion, compared with Rs65.44 billion in the preceding fiscal year, showing … Read more
KARACHI: The value-added textile sector on Friday urged the government to allow import of cotton and cotton yarn from India and other countries through road, a statement said. The textile sector contributes more than 60 per cent share in the total national exports, earns highest foreign exchange and provides huge employment and, as such, cotton … Read more
KARACHI: Engro Corporation has announced that it would enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion, a bourse filing said on Wednesday. Engro has also formed a dedicated platform for connectivity and telecom infrastructure-related initiatives by the name of Engro Connect (Pvt) Limited (EConnect), it added. EConnect is a wholly-owned … Read more
KARACHI: Hassan Nourian, consul general of the Islamic Republic of Iran in Karachi, has emphasised the need to enhance bilateral trade with Pakistan. “The formal trade between the two countries is just $1 billion, which is very low; given the fact that the combined population of Pakistan and Iran is 300 million,” he said, at … Read more
BEIJING: The trade volume between China and Pakistan amounted to $12.56 billion in the first-half of 2021, showing an increase of 1.6 times against the same period last year, Cheng Xizhong, visiting professor at Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute said. According to the General Administration of … Read more
KARACHI: Instability in Afghanistan has caused a significant drop in exports from Pakistan by around 39 per cent in July 2021. The statistics released by the State Bank of Pakistan (SBP) revealed that Pakistan’s exports to Afghanistan fell to $38.55 million in July 2021, compared with $62.77 million in the same month of the last … Read more
LAHORE: The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has urged the government to boost halal meat exports to China. Addressing the Export Promotion Committee of his chamber, S M Naveed, president of the PCJCCI, said that there was a big gap in the world meat trade to be fulfilled and Pakistan had the … Read more
LAHORE: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the government’s self-assessment income Scheme, announcement of ‘no-harassment policy’ from the Federal Board of Revenue (FBR) and withdrawal of notices to the businessmen. FPCCI’s Businessmen Panel chairman Mian Anjum Nisar appreciated Finance Minister Shaukat Tarin for directing the … Read more
NEW DELHI: A special flight from the Indian Air Force (IAF) Saturday morning evacuated over 85 Indian nationals from Afghanistan, a local news agency report said. “An Indian Air Force C-130J transport aircraft took off from Kabul with over 85 Indians. The aircraft landed in Tajikistan for refuelling. Indian government officials are helping in evacuation … Read more
KABUL: Taliban Political Chief Mullah Abdul Ghani Baradar said on Saturday that the Taliban intends to have economic and trade ties with all countries around the world. “The Islamic Emirate of Afghanistan wants diplomatic and trade ties with all countries, particularly with the United States of America,” Baradar posted on Twitter. Baradar denied media reports … Read more
KARACHI: The Pakistan stocks ended the week by gaining 430 points, as the news of Taliban taking control over Afghanistan, Pak-Afghan trade picking up and reduction in Customs duties on 159 items in Afghanistan, including cement and steels lifted the market sentiment, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks recovered … Read more
BEIJING: Even as battle raged across Afghanistan last week, Gwadar Port, now operated by a Chinese company, continued to ship fertilisers to the landlocked country, the Global Times learned. A total of 500 tonnes of fertilisers were shipped out of the port’s warehouse by a fleet of Pakistani trucks during the last week, a source … Read more
ISLAMABAD: Canada is one of the major development partners of Pakistan, and the two countries need to further strengthen business and economic linkages, a senior government official said. During a meeting with High Commissioner of Canada for Pakistan Wendy Gilmour, who called on him, Federal Minister for Finance and Revenue Shaukat Tarin said that Pakistan … Read more
Cheetay, Pakistan’s fastest growing NOW-Commerce platform, recently announced the appointment of Syeda Shehrbano Kazim as chief of staff to build the best-in-class, homegrown company. Shehrbano Kazim has more than 20 years of diverse experience working in the development, microfinance and, now, corporate sectors. Previously, she led the resource mobilisation and donor outreach efforts at the … Read more
BEIJING: Pakistan sees a bright future in the cooperation and friendship of China, as the two are celebrating a remarkable anniversary, Pakistan’s Ambassador to China Moin-ul-Haque said, while showing firm support for China’s fight against the pandemic. “We reject all instigations, politicisation or standardisation. Any Covid-19 virus tracing has to rest on scientific data,” he … Read more
ISLAMABAD: The Cabinet Committee on China-Pakistan Economic Corridor (CPEC) on Thursday approved a summary moved by the Power Division, presenting proposals to accelerate the power supply to Gwadar. It allowed the National Transmission and Dispatch Company (NTDC) to change its executing agency so as to expedite the work and ensure the project should be completed by … Read more
BEIJING: Pakistan has registered over 80 per cent increase in its exports to China in the first six months of 2021, and keeping in view the momentum, the country is all set to achieve a historic milestone of $3 billion at the end of this year, Pakistan’s Ambassador to China Moin ul Haque said on … Read more
KARACHI: United Arab Emirates Ambassador to Pakistan Hammad Obaid Ibrahimi AlZaabi he called for boosting trade and investment relations, and also stressed the need to revitalise and update various bilateral agreements, as there is a great potential in Pakistan. Exchanging views with the Karachi Chamber of Commerce and Industry (KCCI) president Shariq Vohra, the envoy … Read more
BEIJING: It is an inevitable trend for China to export complete sets of equipment and transfer production capacity, while Pakistan is the best destination to reach. Based on Pakistan’s large population, the construction industry will grow rapidly in the next few years. As the demand for core material of the construction industry, steel, cement, glass … Read more
BEIJING: Pakistani exporters and traders would participate in 10 exhibitions to be held in China during the fiscal year 2021/22 to promote different products. Due to the Covid-19, more emphasis has been placed on virtual activities; however, some physical exhibitions will also be held during the ongoing fiscal year. The 10 exhibitions, with Pakistan’s participation, … Read more
KARACHI: The Union of Small and Medium Enterprises (Unisame) has appreciated the role of the federal government in promoting Northern Areas tourism and urged to also promote Small and Medium Enterprises (SMEs) to facilitate it by giving subsidised finance and tax holiday for the betterment of the tourist facilitator companies, a statement said on Wednesday. … Read more
LAHORE: Considering the surplus after meeting domestic consumption of 2.5 million tonnes, Pakistan is ready to export 3.75 million tonnes rice annually to China, an official said on Tuesday. S M Naveed, president of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI), said that China has emerged as one of the destinations for Pakistani … Read more
ISLAMABAD: Pakistan’s services trade deficit contracted 43.45 per cent during the fiscal year 2020/21, compared with the corresponding period of 2019/20, the data released by the Pakistan Bureau of Statistics (PBS) revealed. The services trade deficit during July-June 2020/21 was recorded at $1.875 billion against the deficit of $3.315 billion in July-June 2019/20, showing a … Read more
Pakistan told the UN Security Council that India’s “belligerent and aggressive” policies posed an immediate and pervasive threat to international and regional peace and security, especially as it had nuclearised the Indian Ocean— an important avenue for global trade. “In pursuance of its hegemonic designs, India has nuclearised the Indian Ocean and continues to induct … Read more
KARACHI: Quarantine regulators from six different countries are scheduled to visit Pakistan in the near future to assess the fresh edible and meat export supply-chain, which could lead to increased exports of meat, rice, fruits and vegetables, an official said. The quarantine regulators from Mexico, the Philippines, Australia, China, Russia and Egypt are scheduled to … Read more
SHANGHAI: Recalling their first experience in China more than 10 years ago, Pakistani brothers Mian Muhammad Zubair and Habib Ur Rehman said they only knew one thing — future. “China is the future. That was what our father told us. So here we are,” the two, now in their 30s, said with a beaming smile. … Read more
ISLAMABAD: President Dr Arif Alvi has emphasised the need for enhanced economic and cultural relations between Norway and Pakistan. Talking to the outgoing Ambassador of Norway to Pakistan Kjell-Gunnar Eriksen, who called on him at the Aiwan-e-Sadr on Friday, the president said the two countries have huge potential to boost trade and economic cooperation for mutual … Read more
