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Pakistan


’Pakistan needs to review Pak-India trade pact’
Chief Executive Officer (CEO) Harvest Tradings Ahmed Jawad has said that to boost the trade with the neighbouring country the government needed to review the Pak-India trade agreement. Talking to INP here on Sunday, Ahmed Jawad said that there was no other option than enhancing trade to normalise the bilateral political and diplomatic relations with India.
KCCI urges Belgium to facilitate signing of FTA between Pak and EU
The Karachi Chamber of Commerce and Industry has urged that Belgium, being the capital of Europe and centre of European politics and policy making, should support the efforts for signing free trade agreement (FTA) between Pakistan and European Union.
Bilateral agreements easy to negotiate’
Regional Trade Agreements (RTAs) could be successful if bilateral agreements between the member countries complement them.
Reko Diq saga: Balochistan wins again
Amidst continuing violence plaguing Balochistan, there is now a cause of joy for the Baloch people and the government.
KCCI urges signing FTA with Thailand
Karachi Chamber of Commerce and Industry (KCCI) urged to explore the opportunities of signing Free Trade Agreement (FTA) between Pakistan and Thailand in view of existing tremendous trading potential. Exchanging views with the Consul General of Thailand Wichai Sirisujin President KCCI Haroon Agar proposed Thai Consulate’s and KCCI’s Halal Food Pavilion in the 10th My-Karachi Exhibition 2013.
Broad rules to govern Pak-India free trade urged
Trade and industry in favour of free trade has pleaded with the government to ensure well-defined rules of engagement with Indian government and advised the bureaucracy to do its homework and examine trade factsheet before making any commitment one way or another.
Investment protection: government to develop model text of BITs
Pakistan’s federal government will develop a model text of Bilateral Investment Treaties (BITs) with the assistance of the Ministry of Law and Justice Division to ensure protection to investment on reciprocity basis.
Reko Diq: the other side
Earlier last month, a three-member bench of the Supreme Court headed by Chief Justice Iftikhar Chaudhry declared null and void the Reko Diq gold and copper mine agreement, the Chagai Hills Exploration Joint Venture Agreement (CHEJVA), with Tethyan Copper Company (TCC).
The Reko Diq Saga
The Supreme Court recently declared void and illegal a mining deal for the Reko Diq copper project signed 20 years ago between the Balochistan government and international mining companies.
Out of the frying pan...into trade liberalisation: SAFTA a disaster for Pakistan’s agriculture sector
The South Asia Free Trade Agreement (Safta) appears to be a ‘disaster’ for Pakistan’s agricultural sector and is backed only by the industrial lobby.
Supreme Court trashes Reko Diq agreement
It is wonderful that the stance of the government of Balochistan has been upheld by the Supreme Court (SC) of Pakistan. Decision given on 7th January, 2013 by the SC has declared the agreement on Reko Diq signed on July 23, 1993 as void and in conflict with the laws of the country. Tethyan Copper Company Pvt Limited (TCC) also lost its case in the International Centre for Settlement of Investment Disputes (ICSID) on December 13, 2012.
MFN status to Pakistan remains fruitless for agri sector: USAID
The Most Favoured Nation status to Pakistan could not prove instrumental in increasing agriculture exports to India, observed a report sponsored by the United States Agency for International Development (USAID).
Pak-India ties to pave way for S Asia Free Trade Zone
There are several safeguarding measures under WTO regime to save industry even after normalisation of trade with India, as delay in this regard will jeopardise the process of liberalisation of trade between the two neighbours.
Thailand to sign FTA with Pakistan
Thailand has expressed its intention to sign a Free Trade Agreement with Pakistan to further promote trade and economic relations between the two countries.
Europe not interested in FTA, PTA with Pakistan
Several European countries have declined Pakistan’s offer for signing a free trade agreement (FTA) or preferential trade agreement (PTA) with them as Pakistan will not agree to their demand of opening the auto sector and government procurement under the said agreements.
KCCI urges signing of FTA with Mauritius
Karachi Chamber of Commerce and Industry urged to pave way forward to sign Free Trade Agreement between Pakistan and Mauritius.
Duty-free access: Infrastructure hurdles restrict Pak-India trade
Businessmen and traders of Pakistan and India have agreed that infrastructure bottlenecks are hindering the growth in trade relations between the two sides and these should be removed to deepen the ties.
Different trade agreements to boost textile industry
Advisor to Prime Minister on Textile Dr Mirza Ikhtiar Baig said that trade concessions on 65 items from the EU, implementation of GSP plus status from Jan 1, 2014, preferential trade agreement (PTA) with Turkey, signing the second phase of free trade agreement (FTA) with China and trade opportunities with India are reasons for buoyancy in textiles.
Thailand, Pakistan to move forward in signing PTA, FTA
Thailand and Pakistan move forward to sign accords for Preferential Trade Agreement (PTA) leading to Free Trade Agreement (FTA).
‘Its high time to agree on BIT’
The United States Ambassador to Pakistan, Richard Olson, has called for early conclusion of Bilateral Investment Treaty (BIT).