Boost in Pakistani mangoes, dates’ exports to US among topics discussed in Washington talks: Naveed Qamar
Pakistan and the United States had comprehensive talks on a range of key issues, including enhancing the export of Pakistani mangoes and dates to the US and more market access for Pakistani textiles, Commerce Minister Syed Naveed Qamar has said. Other matters discussed included boosting US investments in Pakistan’s agriculture sector, especially in the development…
Adil Aziz
Pakistan, Uzbekistan sign $1Billion trade agreement at IGC
Among other developments, Pakistan and Uzbekistan Friday signed $1 billion trade agreement at Inter-governmental Commission (IGC), which will encourage exchange of goods and services and will also ease process of trade. The 8th Session of Pakistan-Uzbekistan Inter-governmental Commission (IGC) on Trade-Economic and Scientific-Technical Cooperation was co-chaired by Minister of Investments, Industry and Trade, Uzbekistan, Laziz…
Pakistan,US to enhance economic relationship for shared prosperity
Concluding the ninth meeting of Trade and Investment Framework Agreements (TIFAs), Pakistan and United States decided to further enhance bilateral economic relationship for shared prosperity of both the countries. The TIFA meeting was co-chaired by US Trade representative Katherine Tai and Minister for Commerce Syed Naveed Qamar, according to joint press statement issued at the…
Country’s development linked to success of youth loan program: PM
Prime Minister Shehbaz Sharif said that country’s progress was linked to the success of the Youth Loan Program which besides supporting the unemployed youngsters also benefited the national economy. The prime minister, addressing a ceremony for cheque distribution among the beneficiaries of the Prime Minister Youth Loan Program, said if provided ample opportunities, Pakistan’s youths…
Faysal Bank Posts 67% Growth in profit
Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last year. The Board of Directors of FBL, in their meeting held on February 23, 2023, approved the financial statements of the Bank for the year…
FrieslandCampina and Engro Eximp FZE partner for dairy exports worldwide
FrieslandCampina Engro Pakistan (FCEPL) and Engro Eximp FZE (EEF) signed a Franchise Agreement to enhance dairy exports from Pakistan. In line with FrieslandCampina’s global purpose of nourishing by nature, this partnership will enable FCEPL to expand its global footprint. Together, FCEPL and EEF will serve the Pakistani diaspora and markets which are milk-deficient, as well…
President Arif Alvi approves mini-budget
President Arif Alvi accorded approval to Finance (Supplementary) Bill, 2023, generally known as the mini-budget. The approval was given in accordance with Article 75 of the constitution. The president Arif Alvi accorded approval after National Assembly (NA) passed the Finance (Supplementary) Bill 2023, proposing additional taxes and duties of Rs 170 billion to meet the IMF…
Pakistan-Italy bilateral trade volume reaches €2 Billion: Andreas Ferrarese
Ambassador of Italy to Pakistan, Andreas Ferrarese, has said that the bilateral trade volume between Italy and Pakistan has grown exponentially to €2 billion in 2022, and Pakistan’s exports are more than imports in Italy. He made these remarks while talking after the launching ceremony of Italian FPT Generators in Pakistan. Ambassador Andreas Ferrarese said…
US, China, UK remained top three destinations of Pakistani exports in 7 months
The United States (US) remained the top export destination of Pakistani products during the seven months of the current fiscal year (2022-23), followed by China and the United Kingdom (UK). Total exports to the US during July-January (2022-23) were recorded at US$ 3567.699 million against the exports of US$ 3862.370 million during July- January (2021-22),…
Pakistan’s commerce minister, senior U.S. business affairs official discuss ways to boost bilateral trade
Ahead of the Pakistan-United States Trade Investment Framework Agreement (TIFA) ministerial meeting, the visiting Commerce Minister, Syed Naveed Qamar, and the U.S. Special Representative for Commercial and Business Affairs, Dilawar Syed, discussed ways to enhance the volume of trade between the two countries. Sayed was accompanied among others by Elizabeth Horst, principal deputy assistant secretary…