Tag: Trade

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

LUMS arranges Pak-India trade normalisation moot

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article image STAFF REPORT LHR: The Department of Economics Lahore University of Management Science (LUMS) has recently held a two-day International Conference on Pakistan-India Trade Normalization Issues 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 realize the trade potential between the two countries. At the conference, in addition to LUMS,…Read More

Depressed cotton trade witnessed

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article image STAFF REPORT ISB: Pakistan’s cotton sector appears divided over the desirability for support price of cotton (phutti) as well as the government’s decision to procure 1 million bales to bring about stability in cotton trade at a time when prices are globally under pressure over low demand. The Economic Coordination Committee (ECC) of the Cabinet has early this month announced minimum support price for phutti at Rs3,000 per 40 kilograms for this fiscal year and to procure 1m bales…Read More

Pakistan, US take initiative for ICT trade mission

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MONITORING REPORT ISB: The United States and Pakistan have recently concluded a five-day mission to promote trade and investment in information and communication technology (ICT). "Pakistan’s Board of Investment Chairman Miftah Ismail and US Ambassador to Pakistan Richard G. Olson were leading the mission to Washington and California’s Silicon Valley," said a statement issued by the US State Department. During the mission, a delegation of 20 Pakistani government and business…Read More

Trade portal using telecom boom to multiply eco potential

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STAFF REPORT ISB: A project to develop Pakistan’s first trade portal is about to be completed that would integrate end to end domestic and international trade of country on a single electronic platform. The basic objective of this electronic single window is to integrate all the crucial elements of supply chain like transport, terminals, shipping, banks, legal firms, brokers and traders with the ease of use available through the Internet and mobile, thus capitalizing on telecommunication…Read More

Pakistan plans to tap intra-ECO trade potential

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STAFF REPORT KHI: In order to reap the full benefits of intra-ECO trade there is a dire need for complementary economic and social reforms and we all should pool their efforts to achieve this goal. "Trade liberalization would be even more successful if it is pursued in the context of a wider reform agenda that enhances domestic productivity, international competitiveness and economic growth," said Zakaria Usman, President ECO-CCI and FPCCI. He said to execute and identify areas…Read More

Philippines, Pakistan agree to boost multiple trade

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article image STAFF REPORT KHI: Pakistan and Philippine have agreed to establish a joint business council that would contribute to bilateral trade and open new avenues for joint ventures in various business sectors. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Philippine Chamber of Commerce and Industry have recently signed an MoU in this regard in Manila, says a press release released here. "The formation of Pakistan-Philippine Joint Business Council is the…Read More

Future of non-timber forest products trade

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article image Majority of rural people in Pakistan are utilising various non-timber forest products in one way or the other. However, due to the current climate change scenario, lack of awareness regarding the proper collection, preservation, use and marketing of non-timber forest products, we are losing some of the valuable biodiversity. Special emphasis should be given to the conservation of plant species in the form of herbal gardens and gene banks NON-TIMBER FOREST products are non-wood secondary…Read More