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Tag Archives: trade

India faces challenges to become a dominant country in global trade

  India is the tenth largest economy of the world with GDP growth of 5.3 percent. India has USD 295 billion in reserves on as December 2012. India’s literacy rate is 74 percent which has grown year on year. The country is a major player in the global market when it comes to Trade. The textile, automotive, banking and technology industry is considered the best in the world. Major multinationals, …

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Trade with India

  Pakistan and India offer natural markets for each other’s export products and both countries are pursuing policies of trade liberalization since early 1990s. In their mutual trade, they can enjoy the advantages of reduced transaction costs and quicker delivery due to geographical proximity, common language and a heritage of common physical infrastructures. During the first half of the current fiscal year, the two-way trade stood at USD 1.1 billion …

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Pak-China FTA: opportunities and pitfalls

  Creation of WTO and arriving at the agreement to give all countries equal opportunities ushered a new era in international trade. Simultaneously, different trade groups emerged to ensure collective wellbeing, NAFTA was the first to emerge, that was followed by European Union (EU) and the story continued. From Pakistan’s perspective it is member of ECO and SAARC but both these blocs have remained muted. RCD was broadened and given …

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A heaven for stolen vehicles trade

  Chaman, a border city near Pakistan-Afghanistan border is one of the top junkyards of stolen vehicles in Balochistan where there are number of scrap yards enjoying such trade. Not only the stolen vehicles are dumped here but their engine and chassis numbers are also tampered at these junkyards. These vehicles are then sold out. The inter-provincial gangs of car lifters have been allegedly involved in snatching and transporting the …

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Brands had a great influence on the mind of people

  Today the people are becoming highly brand conscious and as per increase in social mobility the concept of buying branded products gaining its roots to every walks of living beings as these available trade names had a great influence on the mind of people despite inflation, high tariff of utilities and host of other reasons hinder these branded products to get due share in the market. Renowned brand labels …

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Saudi Arabia – One of the largest trade partners of Pakistan

  Trade figures of last ten years reveal that Saudi Arabia is one of the largest trade partners of Pakistan. Besides bilateral trade between the two countries, Pakistan is the major recipient of workers remittances estimated over $4.1 billion in 2013 while the trend of home remittances indicate further increase in remittances from Saudi Arabia. It is important to note that the new democratic government in Pakistan has much better understanding with Saudi government, which is …

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Pak-Saudi economic cooperation

  Historically Saudi Arabia has been extending extensive aid, grant assistance to Pakistan, but economic cooperation between the two countries has remained far from satisfactory. Some of the critics applaud this brotherly attitude, but say that Saudi stance has been contrary to an old saying ‘don’t give me fish, but teach me how to catch a fish’. However, others say that since the cooperation has been between the two states …

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Custom House Karachi

  Historically, a customs/custom house is a building housing the offices for the government staff that processed the paperwork for the trade of goods into and out of a country while Customs officials also charged customs duty on imported commodities. The house was typically situated near a seaport or in a city on a key river with access to the ocean. These cities performed as a port of entry into …

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Expo Center in Pakistan

  It is heartening to note that the incumbent government has appointed S. M. Muneer as Chairman of Trade Development Authority of Pakistan (TDAP). The business community has reposed confidence in the new chairman, himself a leading exporter of textiles and clothing and leather and leather products besides having interest in other industrial entities. While the TDAP has enormous mandate as regards to boosting Pakistan’s exports, it is necessary to …

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Karachi Expo Center equipped with latest facilities

  Exhibitions make an important contribution to various business sectors globally. The more global a business sector the more significant the role of trade explains in introducing vendors to buyers and ensuring that industry players sustain contact with industry’s growth. Trade explains tend to be a celebration of success with successful firms exhibiting and visiting. These exhibitions do much great result than introduce one person to another of course. We …

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