Archive for the Trade and industry Category
South Asia to gain when Pakistan frees trade with India: SAARC Chamber head
NEW DELHI: The free trade pact among eight member nations of South Asian Association for Regional Cooperation SAARC will be operational by year-end once Pakistan grants India most-favoured nation MFN status, says a top chamber chief. “The South Asian Free Trade Area SAFTA will lead to complete integration of trade and commerce among eight SAARC [...]
Export of rice under barter system like wheat to Iran suggested
KARACHI: The Union of Small and Medium Enterprises (UNISAME) appreciated the permission to export wheat to Iran under barter system and urged the ministry of commerce (MOC) to allow barter trade for the export of rice and other commodities as well and also urged the MOC to expedite the procedure for barter for wheat to [...]
Cotton arrivals substantial increase, exports rise significant
KARACHI: There has been a substantial increase of more than 25 percent in arrival of cotton in markets of the country this season compared to last season. There has also been significant rise of 77 percent year-on-year in cotton exports this season. Citing figures from Pakistan Cotton Ginners Association PCGA, Muhammad Azam, Secretary General & [...]
Pakistan, India, South Asian Association for Regional Cooperation trade bodies join to foster economic cooperation
KARACHI: Leaders of Federation of Pakistan Chambers of Commerce & Industry FPCCI, Confederation of Indian Industry CII and SAARC Chamber of Commerce & Industry SAARC CCI join hands to foster Indo-Pakistan economic cooperation through meaningful collaboration in areas of mutual interests. This was resolved in meeting at New Delhi between Tariq Sayeed, Vice President CACCI, [...]
Indonesian Trade Exhibition in Hyderabad held
HYDERABAD: Divisional Commissioner Hyderabad Ahmed Bux Narejo has said that the cultural exchange between Muslim countries would further strengthen the brotherhood and raise their socioeconomic status. This he observed while addressing inaugural ceremony of Indonesian Production Exhibition at local hotel on Saturday. He was hopeful that this kind of interactions and cultural & trade exchange [...]
Pakistan-British joint ventures discussed
LAHORE: Francis Campbell, the Deputy British High Commissioner and Director for UK Trade and Investment, met with Ibrahim Qureshi, President Business Forum Punjab (BFP), on Wednesday here at a local hotel. The representatives of BFP, an initiative by PakPur Foundation, including Chairman BFP Nabeel Hashmi, Vice President Hussain Fazal, General Secretary Sohail Yousaf and Chairman [...]
Ministry of Commerce delegations to explore new trade avenues in New Zealand, Australia
ISLAMABAD: A high level delegation, led by the Secretary Commerce Zafar Mahmood left for New Zealand to attend the inaugural session of Pak-New Zealand Joint Trade Committee (JTC) in Wellington, New Zealand. This JTC was established under a bilateral Trade Agreement signed in 1990. However, it could not hold its first meeting up till now. [...]
Pakistan-Sweden agreed to double their trade volume
ISLAMABAD: Pakistan and Sweden have agreed to double their trade volume to nine hundred million dollars from 450 million dollars by 2014. The understanding came at a meeting between Foreign Minister Hina Rabbani Khar and her Swedish counterpart Mr. Carl Bildt in Islamabad on Wednesday. Later addressing a joint news conference Mr. Bildt lauded Pakistan’s [...]
Pakistan, Italy sign deal for veggie, fruit growers
ISLAMABAD: An agreement for an amount of euro 1.35 million grant Assistance & support to Fruit & Vegetable Growers in the Swat Valley, was signed between Pakistan and Republic of Italy on Monday. Dr Waqar Masood Khan, Secretary, Economic Affairs Division and Vincenzo Prati, Ambassador has signed the agreement on behalf of their respective governments. [...]
Non-traditional items export be promoted
KARACHI: Saifuddin N Zoomkawala, chairman of the EFU Insurance, has asked the government, policy-makers and exporters to continue their efforts to promote exports of textile and other traditional items, but without further neglecting the exports of non-traditional items. The country has never focused seriously on the promotion of exports of non-traditional sectors that kept Pakistan [...]