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Trade deficit likely to widen to record $35b

ISLAMABAD - Pakistan’s trade deficit is likely to swell to record $36 billion during current fiscal year (FY2018) due to massive increase in imports as compared to the exports. Country’s imports...

Conditions notified for availing export package

ISLAMABAD: The Ministry of Commerce on Thursday notified conditions for availing Prime Minister`s Export Enhancement Package for the year 2017-18. In this regard, the Commerce Division issued a notification SRO1062...

Talks to meet economic challenges under way: FPCCI

HYDERABAD: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zubair F. Tufail has informed that the government has started consultation with the business community to meet the...

First 5-year trade policy on its way

KARACHI: Ministry of Commerce Federal Secretary Mohammad Younus Dagha said on Friday that for the first time a five years strategic trade policy framework (2018-23), with annual growth target...

CCAC to revise cotton production estimates to 12.9m bales

ISLAMABAD: The Cotton Crop Assessment Committee (CCAC) is likely to revise upward cotton production estimates to 12.9 million bales for the current season (2017-18) after good arrival of the...

LCCI opposes cancellation of vacant SIE plots

LAHORE  - The Lahore Chamber of Commerce & Industry (LCCI) has opposed the cancellation drive of vacant plots of Sundar Industrial Estate (SIE), saying that this initiative has been...

Karachi to have five industrial treatment plants

KARACHI: Commerce Secretary Muhammad Younas Dahga disclosed for the first time, an investment policy would be part of the trade policy to help boost exports through technologically backed investments. Speaking...

Low quality crop output: Traders to import 1.2m cotton bales

KARACHI: Pakistani traders have finalized deals for the import of over one million cotton bales due to lower quality crop output. Although, initial crop estimates suggest that the cotton crop...

US urged to include textile, leather in GSP scheme

KARACHI: Pakistan and the United States need to focus on improving bilateral relation particularly in areas of economy and trade as there exists a lot of scope and opportunities...

Listless trading on cotton market

KARACHI: A festive mood prevailed on the cotton market when trading resumed on Tuesday after Eidul Azha holidays, however activity remained poor due to thin attendance of traders. Phutti (seed...

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