Swedish Companies Face Hurdles: High Taxes, Energy Costs, and Currency Transfer Issues
The Ambassador of Sweden Ms. Alexandra Berg von Linde, while commenting on Sweden-Pakistan trade and investment ties, stated that more than 40 Swedish companies have been established in Pakistan, of which many were known Swedish brands and have been present here for many decades but these Swedish companies face challenges including high tax rates when it comes to foreign investment, high energy prices and the difficulties in transferring foreign currencies.
Mehfooz
Business community take advantage of GSP+ by diversifying exports
Ambassador of European Union (EU) to Pakistan, Dr. Riina Kionka, advised business community of Karachi to broaden and diversify their exports to EU for taking maximum advantage of EU’s GSP Plus scheme for Pakistan which has recently been rolled over for four more years up to 2027.
Adil Aziz
Mr. Saleem Khan Tanoli congratulated the Government of Pakistan on renewal of GSP Plus
Mr. Saleem Khan Tanoli, Vice President – Asia Advertisement Association (AAA) and Former Sr. Vice President – German Pakistan Chamber of Commerce & Industry (GPCCI) congratulated the Government of Pakistan following the announcement that the European Union (EU) had officially extended Pakistan’s Generalized Scheme of Preferences Plus (GSP Plus) status for an additional four years, ensuring its continuation until 2027.
Editor
EU Ambassador, Commerce Minister discuss trade enhancement, export goals
Dr. Riina Kionka, Ambassador of European Union to Pakistan, called on Dr. Gohar Ejaz, Caretaker Federal Minister for Commerce & Industries, in Ministry of Commerce and congratulated him for assuming this important portfolio. Commerce Minister appreciated the unilateral trade concession of GSP Plus to Pakistan by EU, which is of great importance to Pakistan export…
SCCI chief invites Belgium investors to invest in KP’s important sectors
Belgium companies to make investments in mines, minerals and other important sectors in Khyber Pakhtunkhwa Acting President of Sarhad Chamber of Commerce and Industry (SCCI), Ijaz Khan Afridi invited Belgium companies to make investments in mines, minerals and other important sectors in Khyber Pakhtunkhwa. Prospects of enhancing mutual trade ties between Pakistan and Belgium are…
Implementation of GSP- Plus Conventions to help Pakistan for enhancing trade with EU: Belgium Envoy
Belgium is the 5th largest trading partner of Pakistan, and further enhancing cooperation with Pakistan in various sectors including trade, scientific research and education sectors Ambassador of Belgium to Pakistan, Charles DELOGNE on Tuesday said that the implementation of Generalized Schemes of Preferences (GSP- Plus) conventions, especially labour rights, human rights and environmental protection would…
New UK initiative will boost trade with Pakistan
The United Kingdom’s Developing Countries Trading Scheme (DCTS) has now entered into effect, providing tariff reductions and simpler terms of trade to Pakistan and 64 other countries. The new scheme has replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and developing countries, reducing the need for aid. UK…
New scheme replaced GSP to help boosting Pakistan, UK trade :Naveed Qamar
Federal Minister for Commerce Syed Naveed Qamar has said the new scheme had replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and Pakistan, reducing the need for aid. Pakistan retains enhanced preferences status and will continue to benefit from duty-free exports to the UK on 94% of goods…
New UK’s DCTS initiative to boost trade with Pakistan
The United Kingdom’s Developing Countries Trading Scheme (DCTS) has now entered into effect, providing tariff reductions and simpler terms of trade to Pakistan and 64 other countries. The new scheme has replaced the Generalized Scheme of Preferences (GSP) and will help drive business between the UK and developing countries, reducing the need for aid. UK…
Hina Rabani Khar and EU Commissioner discuss matters of flood rehabilitation, food security, energy, trade & GSP+ Scheme
As part of her ongoing visit to Belgium, Minister of State for Foreign Affairs Hina Rabbani Khar has held extensive meetings with two European Union Commissioners in Brussels. The Minister of State called on the European Commissioner for Crisis Management Janez Lenarcic to follow up on discussions pertaining to EU’s flood relief activities in Pakistan….
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