Pakistan and the United States have (US) made significant progress toward finalising a reciprocal trade agreement following two days of negotiations held in Washington, with officials from both countries expressing optimism about concluding the deal in the near future. Read More: Pakistan assures US of facilitating foreign investment, According to Foreign Office spokesperson Tahir Andrabi, the negotiations took […]
commerce
Pakistan and Uzbekistan agree to boost trade and connectivity
ISLAMABAD — Pakistan and Uzbekistan have agreed to accelerate cooperation in trade, investment, and regional connectivity, aiming to translate growing economic ties into concrete outcomes, officials said on Monday. Read More: Pakistan, Uzbekistan agree to fast-track expanded PTA The understanding emerged during a meeting between Pakistan’s Federal Minister for Commerce Jam Kamal Khan and Uzbekistan’s Minister Laziz […]
Biden hails deal to ‘transform’ US with infrastructure cash bonanza
US President Joe Biden on Wednesday announced a deal with senators on a massive infrastructure package that would pump historic levels of federal funding into fixing US roads, bridges and waterways and expand clean energy programs. The bipartisan measure, including some $550 billion in new spending, came together after two months of often-tense negotiations that […]
France hails Chinese battery factory for Renault in electric push
President Emmanuel Macron on Monday visited northern France to laud plans to build a Chinese-owned battery factory that will supply automaker Renault as Europe steps up its shift towards electric vehicles. Chinese group Envision’s two-billion-euro ($2.4 billion) project is being saluted as an example of Macron’s efforts to encourage foreign firms to “Choose France” for […]
Business group urges Biden to lift Europe travel ban, revive economies
The Biden administration is under pressure from a major business group and diplomats to scrap a travel ban on Europeans, as investment from the continent in the United States plunged by nearly a third last year. While countries in the European Union have reopened their borders to Americans who are vaccinated or test negative for […]
China challenges Australia anti-dumping measures at WTO: govt
China said on Thursday it had filed a lawsuit at the World Trade Organization challenging Australia’s anti-dumping measures on a range of goods, marking further escalation in tensions between the two countries. The suit — regarding Chinese exports of train wheels, wind turbines and stainless steel sinks — comes a week after Canberra challenged Beijing’s […]
Pakistan exports to EU increase by $1.1bn in last 10 months
ISLAMABAD – Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday said that Pakistan exports to European Union (EU) countries increased by $ 1.1 billion during the last 10 months of current fiscal year 2020-21. The increased by 17.4 percent to $7.474 billion as compared to $6.367 billion in July […]
Senate body calls for equal representation of provinces in FPCCI
The Senate Standing Committee on Commerce and Textile Industry on Monday called for uniform criteria for all provinces in terms of election and representation in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The committee also observed that the tenure of one year for the president of the FPCCI was insufficient, and almost […]
China counterpunches against US in growing trade war
AFP / – There are fears that prices will rise on the streets China on Friday struck back against US President Donald Trump’s trade offensive, intensifying the expanding and unpredictable dispute between the world’s two largest economies. Late Friday, China announced it was expanding its existing complaint against the United States at the World Trade […]