Tag: Trade

Pakistan to explore new markets for Global Halal Food Trade

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Pakistani government is exploring new markets with a focus on Global Halal Food Trade to export meat and dairy products. Pakistan is aiming to meaningfully increase its exports to many Muslim countries that are dependent on imported meat, according to media. The country to keep the international standards for frozen or chilled red meat is […]…Read More

SARSO discussed for enhanced intra-regional trade

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Meeting of Sectoral Technical Committee (STC) of South Asian Regional Standards Organization (SARSO) on Electrical, Electronics, Telecom and IT hosted by Pakistan Standards & Quality Control Authority (PSQCA) in Karachi. “SAARC’s specialized body SARSO having decree to develop SAARC Standards product, process, and services to minimize technical barriers and enhance intra-regional trade among the SAARC […]…Read More

The disconnect in Pakistans trade and GDP growth

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article image Contra¬ry to region¬al trends, there is parado¬x underl¬ying Pakist¬an’s growth trajec-tory. In Pakistan, trade grew 1.2% lower than our GDP, while on a global basis, trade has grown 1.8% ahead of global GDP growth on average.In the recently-concluded American Business Council Economic Summit, titled Beyond Borders: Trade Treaties and their Implication’, I presented the hypothesis that "in all successful economies, GDP growth has a direct correlation with trade growth"…Read More

Marvellous link between Pak trade and GDP growth

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Contrary to regional trends, there is paradox underlying Pakistan’s growth trajec¬tory. In Pakistan, trade grew 1.2% lower than our GDP, while on a global basis, trade has grown 1.8% ahead of global GDP growth on average. In the recently-concluded American Business Council Economic Summit, titled Beyond Borders: Trade Treaties and their Implication’, I presented the hypothesis that "in all successful economies, GDP growth has a direct correlation with trade growth". …Read More

Iran-Pakistan gasline to enhance trade ties: Envoy

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STAFF REPORT ISB: Iranian Ambassador to Pakistan Mehdi Hoonardost has said that Pakistan has huge doorstep opportunities to get gas from Iran, adding that the Iran- Pakistan gas pipeline would enhance the trade and economic relations between both of the countries. Talking to media at the National Press Club’s Meet the Press Programme recently, he said, "We have no hard conditions like other countries, adding that Iran want to provide cheap energy for industrial and economic…Read More

E-logistics platform created for mobile trade

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article image STAFF REPORT ISB: Ministry of ITandT has supported to create a portal for facilitating mobile and electronic trade for Pakistan within and outside the country. The basic objective of the portal is to use communication boom in the country to take information, knowledge and opportunities at doorstep through Internet and mobile devices, so as to enhance and optimize economic potential. National ICT Research and Development Fund, a subsidiary of the Ministry had completed the project…Read More

Faisalabad, New Delhi to bridge trade gap

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STAFF REPORT FSD: Traders from both sides of Pakistan and India are endeavouring to bolster business ties through holding fairs and exhibitions, despite never-ending disputes between these two neighbouring states. The cities of Faisalabad and New Delhi will take the first step towards business-to-business contact and facilitation. Industrialists from both major cities have agreed to organise exhibitions for the other side’s products. The understanding was reached during a visit of…Read More

PCJCCI stresses need for e-commerce trade

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STAFF REPORT LHR: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has urged business community of Pakistan to take all possible measures for entering into the era of electronic trade through e-commerce. PCJCCI President Faisal Afridi said that currently the overall volume of e-commerce in the country was more than $4 billion per annum and it was estimated that in near future, almost 25 percent of traditional business would be converted into internet business.Afridi elaborated…Read More

Pakistan, Indonesia agree to boost trade

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STAFF REPORT KHI: Rapidly developing bilateral economic ties between Indonesia and Pakistan offers prospects to further strengthen the bonds of friendship and establish broad-based commercial partnership. Hadi Santoso, Consul General of Indonesia, said this while speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry (KCCI). On the occasion, the Indonesian envoy informed that total trade between Indonesia and Pakistan stood at $1.69 billion as on September 30,…Read More

World trade fair in progress in Guwahati

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article image MONITORING REPORT ISB: Guwahati hosts the "Leo International Trade fair" every year with an aim to provide a wider platform for traders and artisans to exhibit their products under one roof. Participants from Pakistan, Thailand, Bangladesh and various states of the world have set up over 100 stalls at the venue. Ashma, a trader from Bangladesh, feels that northeast region is a potential market to do business. She has been visiting northeast since last three years and has…Read More