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Trade

Pakistan trade deficit with India stands at Rs 2.582b in Jan

By Mahmood Idrees  February 3, 2015 - Costom Today - LAHORE: Pakistan Customs Land Freight Unit Wagha border Lahore has collected Rs 483 million revenue during January 2015 in the head of sales tax, duty tax and income tax. As per available documents, Pakistan Customs has collected Rs 136531603 as duty tax, Rs 163204931 as sales tax, Rs 11518345 as additional sales tax and Rs 171171410 as income tax during one month. On the other hand, Pakistan and India made trade worth…

Pulses output down, imports up

Mohiuddin Aazim The import of pulses is soaring due to a decline in domestic output for lack of serious efforts for sustainable growth in production. Pulses are unable to compete with the preferred cultivation of major crops that offer relatively better returns. Imports shot up by 43pc to 308,000 tonnes during July-December 2014, from 215,000 tonnes in July-December 2013. While the domestic output fluctuated from year to year, the overall pulses’ imports fell from 672,000 tonnes in…

Kabul can offer more incentives to Pak businessmen: Envoy

January 25, 2015 KARACHI(APP): Afghanistan’s Ambassador to Pakistan, Janan Mosazai here on Saturday said that Afghanistan government is ready to offer additional incentives and facilitation to Pakistani businessmen especially investors, which is reflected by the proposed exclusive special economic zone in North Afghanistan. This zone will serve as a strong base for Pakistan to trade with Central Asian States besides capturing Afghanistan market. “We are ready to offer land,…

Namibia wants to enhance trade with Pakistan

December 13, 2014 ISLAMABAD(INP) - Ringo F. Abed, Ambassador of Namibia visited Islamabad Chamber of Commerce and Industry and said that his country was keen to enhance trade with Pakistan on mutually beneficial grounds. He said Namibia was endowed with lot of mineral resources and Pakistani investors should explore it for investment and joint ventures. He said that Namibia was a politically stable and peaceful country while the government was taking measures to establish conducive…

‘Pak-China economic corridor to open new trade opportunities’

Pung says strengthening of bilateral trade will cement relations even for next generations of two countries November 28, 2014 HYDERABAD(APP) - Peoples Republic of China Deputy Consul General Mu Young Pung has said that Pakistan-China Economic Corridor will open new vistas of trade relations between the two countries and will further strengthen relations between the people of both the countries. He expressed these remarks while addressing the traders and industrialists here at the…

Foreign relations: Belarusian ambassador wants increased trade

November 26, 2014 Belarus is one of the most industrialised countries and by promoting trade with it, Pakistan could have better access to the region, said Belarusian Ambassador Dr Andrei M Ermolovich. STOCK IMAGE ISLAMABAD(APP): Belarusian Ambassador Dr Andrei M Ermolovich has expressed interest to increase cooperation with Pakistan as both countries possess potential to enhance bilateral trade. While speaking to businessmen during his visit to Islamabad Chamber of Commerce and…

Trade normalisation with India halted, Senate told

* Pakistan cannot grant NDMA status to India, consultation in progress * Three land ports to be set up in country to facilitate trade with neighbours November 26, 2014 - By Ijaz Kakakhel - ISLAMABAD: A Senate committee on Tuesday was informed that Pakistan has not yet given Non-Discriminatory Market Access (NDMA) status to India while trade normalisation process between the two countries halted as political environment is not conducive. The Senate Standing Committee on Commerce…

LUMS hosts Pakistan-India Trade Normalization Conference

Saturday, October 25, 2014- PT- Ms. Hina Rabbani Khar, Former Foreign Minister for Pakistan, addressing the conference. LAHORE- The Department of Economics Lahore University of Management Science (LUMS) held a two day International Conference on Pakistan-India Trade NormalizationIssues for the purpose of disseminating the findings of policy papers researched at LUMS over a period of two years. The event explored various aspects of Pakistan-India trade relations and examined ways to…

Denmark’s trade minister eyes opportunities in Pakistan: Agriculture

October 01, 2014 - DT Report ISLAMABAD: Denmark’s Trade and Development Minister Mogens Jensen expressed there was great potential for increasing trade between Pakistan and Denmark. Jensen said, “Pakistan demands knowledge, technology and innovative solutions in sectors such as energy, water, health, food products and agriculture”. These are areas where Danish companies have particularly strong competences. Increased cooperation can lead to sustainable development in Pakistan as…

Pakistan, Australia eying trade at $1bn

September 24th, 2014 ISLAMABAD(APP): Pakistan and Australia have agreed to enhance bilateral trade to US$1 billion during next year, Commerce Minister Khurram Dastgir has said. Signing agreement in this regard at the conclusion of recently held Pak-Australia Joint Trade Committee meeting held at Canberra, Australia, Dastgir said economic and political relationship between both the countries was improving. “In this connection, the recently held successful joint trade committee…

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