Minister of State for Finance Bilal Azhar Kayani said Pakistan has secured the lowest tariff rate in South Asia—19 per cent—following a trade agreement with the United States, a move expected to boost exports.
The minister, Thursday, told the National Assembly during question hour that the 19 per cent tariff...
A delegation from the National Logistics Corporation (NLC) and UAE-based DP World has announced plans to establish a dedicated commercial hub near Jebel Ali, UAE, called ‘Pakistan Mart’ to showcase Made-in-Pakistan products.
The project was discussed in a meeting with Commerce Minister Jam Kamal Khan on Wednesday.
DP World will build...
The Cabinet Committee on Chinese Investment Projects (CCoCIP) has directed the ministries concerned to expedite work on finalising a road map for the relocation of Chinese industries to Gwadar along with other Chinese projects before the visit of Prime Minister Shehbaz Sharif to Beijing.
In a recent meeting, the cabinet...
The government’s efforts to artificially bring down the dollar rate are faltering, with market forces pushing back against a Rs250 exchange rate target and foreign currencies reportedly vanishing from the open market.
A crackdown on dollar smuggling launched on July 23 has led to a minor depreciation of around Rs3 in both...
China’s Xinning Enterprise signed a Letter of Intent (LoI) with the Gwadar Port Authority (GPA) on Tuesday, marking a significant step towards stimulating industrial and commercial investments at Gwadar Port and its Free Zone.
The LoI, signed by Yi Jiang, representing Xinning Enterprise, outlines plans for a range of ventures...
Federal Minister for Commerce Jam Kamal Khan met with Bangladesh High Commissioner Iqbal Hussain Khan to explore deeper bilateral cooperation in trade, energy, logistics and industrial linkages.
The high commissioner shared insights from his recent visits to Pakistan's industrial hubs, where he received enthusiastic response from local business chambers.
The discussions...
Pakistan and China on Monday held talks on aligning their cooperation in nuclear energy and space research with broader development goals.
The development came as Minister for Planning, Development and Special Initiatives Ahsan Iqbal met with China Atomic Energy Authority and China's Space Agency Chairman Shan Zhongde.
"The meeting focused on...
Vietnam Ambassador Pham Anh Tuan has said that Vietnam and Pakistan have agreed to consider striking a preferential trade agreement (PTA) as a strategic step for a stable legal basis to expand market access and reduce tariffs.
After finalisation of the PTA, both sides would facilitate bilateral trade and investment...
PAKISTAN and the US unveiled a trade-and-investment accord on Thursday that links lower US tariffs on Pakistani exports to large-scale American participation in the country’s oil and gas reserves, which can potentially be Pakistan’s untapped shale and tight-gas frontier.
Although there is no clarity regarding the scope of investment, there...
Pakistan and the USA struck a trade deal under which reduced tariffs on reciprocal basis will help boost bilateral trade, expand market access, attract investment, and foster cooperation in areas of mutual interest.
There is a possibility that the USA will impose a tariff in the range of 15 to...
