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Trade & Economy

China becomes major business partner of Pakistan

  PBC discusses business projects with 100 Chinese investors Choosing Pakistan under the flagship of China-Pakistan Economic Corridor (CPEC) as investment destination by China has altogether brought a paradigm shift about the perception of Pakistan as the world economic players have included Pakistan on their business map, said Arif Habib, a leading industrialists and a senior member of Pakistan Business Council on the sidelines of a strategic business session with …

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Pakistan exports to EU countries likely to gain impetus

  Expansion in the volume of global merchandise trade would pick up only slightly in the coming two years as presently it grows from 2.8 percent in 2014 to 3.3 percent in 2015 and eventually it will grow to 4.0 percent in 2016. Trade growth would therefore remain well below the yearly average of 5.1 percent recorded since 1990. The modest gains during 2014, marked third consecutive year in which …

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Pakistani rice, agriculture products entering into Eastern markets and Russia

  Pakistan’s total export volume is estimated at around $25 billion per annum, which is mainly consists of cotton and textile products while the global economic slow down has also an impact on the exports which are being witnessed on a decline. However, apart from external factors some of the major issues including energy shortages, such as gas and frequent loadshedding and of course the high tariff rates are some …

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India-Pakistan trade: growth potential, barriers and issues

  Presently, India-Pakistan official bilateral trade accounts for only one percent of their respective global trade because of restrictions on the types of goods that can be traded revenue and will be the future takings of economic progress of both the countries. This restriction on traded goods has forced both countries to rely on trade with far off countries for important raw materials, which is leading to high transportation costs. …

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Lahore — Fast emerging industrial and trading hub of Pakistan

  Punjab soon to be transformed into a prosperous province Spending spree on Lahore infrastructure during the last few years has placed the city at par with growth-triggering cities of the world. Fast building of transport, industries and state-of-art business centers are the further evidence of city’s modernization. The City of Lahore is emerging fast both as a trading hub because of the huge potential the Wagah border offers and …

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Growth rate of 7pc essential to make a breakthrough in economic front

Pakistan will achieve seven percent growth rate by 2017-18 with aspiration to bring the investment to GDP ratio to 22 percent in the next three years as private sector will be encouraged to play its part in the development of the country. The World Bank expects Pakistan’s fiscal deficit to decline to 3.5 percent of the Gross Domestic Products (GDP) in financial year 2017 in a latest report unveiled. It …

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