Amid the coronavirus outbreak, activist from Gilgit-Baltistan has called on the international community to tell China to permanently discontinue mega projects ike the Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) as they have become "conduits for pandemics and not prosperity.
Pakistan is looking to step up its relations with Singapore in various fields with the possible signing of bilateral agreements and exchanging high level political visits between the two countries.
Pakistan’s government targets raising the country’s textile and clothing exports from USD 13.5 billion in 2018 to USD 25 billion by 2025.
Turkey wants a sustainable and long-lasting free trade agreement (FTA) with Pakistan to have a win-win situation for both the countries.
Pakistan and Thailand will hold political consultations at the secretary level as well as organise meetings of the Joint Economic Commission to further bolster economic relations between the two nations.
Baloch political activists have alleged that the people in Balochistan are paying a heavy price for the multi-billion dollar China-Pakistan Economic Corridor (CPEC).
Attorney General Khalid Jawed Khan has said that Pakistan’s foremost effort in the Reko Diq mining case is to secure annulment of the $5.9 billion penalty.
Pakistan said said US should convene meeting of Trade and Investment Framework Agreement (TIFA) to move forward for result oriented progress.
As none of the Free Trade Agreement has boosted exports from the country so far, the FEBR has recommended the government to review its trade and export policies with a keen focus on value-addition for a sustainable economic trajectory.
The ice between Pakistan and Turkey on Free Trade Agreement has thawed and to this effect the commerce ministry will highlight the potential sectors on FTA in March and begin negotiating on the FTA in Ankara in April.
Pakistan and Morocco have concluded their second round of bilateral talks, including discussions on enhancing trade ties.
Turkish President Recep Tayyip Erdogan’s visit to Pakistan this week will not only help strengthen economic cooperation between the two countries but will also help boost bilateral trade
Pakistan is already in touch SACU, ECOWAS and EAC to negotiate trade agreements and also plans to take advantage of the opportunities that exists under the African Continental Free Trade Agreement.
The World Bank’s International Center for Settlement of Investment Disputes has approved Pakistan’s petition for a review in the Reko Diq case in which the country was slapped with a $6 billion fine.
Pakistan approved waiving off all port dues/charges amounting to Rs194,951,059 on 31-1-2020 or till the vessels leave the port accruing against Karkey.
For China, the benefits of the BRI go beyond mere connectivity and trade to ratcheting up its regional and global clout. Capital, whether it takes the form of equity or credit, is a principal source of extending leverage over other nations.
Tensions between India and Pakistan in 2019 have reduced the already low volumes of trade between the two countries to near zero.
Pakistan has asked a US federal court to pause an Australian copper company’s bid to enforce a $6 billion arbitral award while it looks to have the award nixed.
Japan expressed its support for Pakistan’s efforts to stabilse the country’s fragile economy and also agreed to work together to further promote bilateral trade relations.
The China Pakistan Free Trade Agreement (CPFTA-II) has immediately abolished tariffs for Pakistan on 313 products, while a total of 75% of the tariff lines will be liberalised over the next decade.