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Pakistan


Thai envoy stresses FTA critical to balance bilateral trade
Trade between Pakistan and Thailand could be balanced if the government of Pakistan tackles the hurdles efficiently, particularly the delay in signing a free trade agreement (FTA), said acting Thailand Consul General Paoyee Waesahmae.
‘Pak-Thailand FTA likely to be finalised by end year’
The process of dialogue between the two countries had been slowing down during the COVID- 19 pandemic period, the ambassador of Thailand to Pakistan said.
Summary to empower BoI for renegotiating BITs gathering dust
Under the new template, federal government would not be liable for private investor disputes. Mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
‘Pakistan to renegotiate all bilateral investment treaties’
Pakistan will renegotiate all bilateral investment treaties (BITs) on the basis of new BIT template being finalised by the government, a top official of the Board of Investment said.
Another Turkish firm moves ICSID against Pakistan
Turkish construction company Bayindir filed a claim under the 1995 Turkey-Pakistan bilateral investment treaty at the ICSID on October 12.
Pakistan seeks trade deals with Saudi, UAE, Oman - official says
Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates and Oman, a Pakistani official said on Sunday, as talks with the Gulf Cooperation Council remain stalled.
Kenya-Pakistan end tariff wars, draft MoUs for more trade
Kenya and Pakistan have ended a long-standing tariff war that hurt trade between the two countries, mainly Kenyan tea exports.
Protests in Pakistan erupt against China’s belt and road plan
Protests have erupted in Pakistan’s port city Gwadar against a severe shortage of water and electricity and threats to livelihoods, part of a growing backlash against China’s multibillion-dollar belt and road projects in the country.
The limits of sovereignty
Terminating 23 BITs is an important step for Pakistan, but if relationships with the WTO, the IMF and the World Bank remain, economic efficiency will continue to be prioritised over social justice and the rights of citizens.
BoI to sign treaties as per its new template
The Board of Investment (BoI) is all set to sign treaties with foreign countries in line with the new Bilateral Investment Treaty (BIT) template, which was approved by Prime Minister Imran Khan last week, sources said.
Pakistan to terminate 23 bilateral investment treaties
Decision aimed at avoiding international arbitration with foreign firms .
Pakistan, Bahrain agree to negotiate CEPA
Pakistan and Bahrain agreed to start talks on a free trade agreement for trade liberalisation and increasing the volume between the two countries.
Pakistan, Bahrain to sign MoU for promotion of bilateral trade, investment
Pakistan and Bahrain will sign a memorandum of understanding for the promotion of trade and investment opportunities during the second session of Pak-Bahrain Joint Ministerial Commission.
Trade pact with Pakistan nears completion
Thailand aims to conclude talks on a free trade agreement (FTA) with Pakistan by the end of this year.
Pakistan, Uzbekistan agree to finalise Preferential Trade Agree­ment
Pakistan and Uzbekistan on Wednes­day agreed to finalise bilateral Preferential Trade Agree­ment (PTA) within three months to further boost bilateral trade volume.
Imran okays new bilateral investment treaty template
Pakistan Prime Minister has approved the new Bilateral Investment Treaty template whereby any dispute will now be remedied through local arbitration.
Preferential trade deal with Uzbekistan likely
Preferential trade agreement between Pakistan and Uzbekistan, bilateral cooperation in other areas including transit trade, customs, banking, trade and investment, transport and other MoUs and agreements will be signed.
Pakistan, Uzbekistan set to sign TTA on 15th
Pakistan is all set to sign the Transit Trade Agreement (TTA) with Uzbekistan in Tashkent on July 15, paving the way for having access for its products to the 90 billion dollars market of five Central Asian States.
Korea expresses desire to sign FTA with Pakistan
Republic of Korea Suh Sangpyo has expressed his desire to sign a Free Trade Agreement (FTA) with Pakistan, saying that a FTA is essential for the promotion of bilateral trade.
Cost of bilateral investment treaties
Since Pakistan is already facing problems in attracting any new investment, it may not be in a position to terminate its bilateral treaties en bloc. Therefore, the only option is to review and renegotiate the scope of existing treaties and enter into any new negotiations with utmost care.