Lahore Chamber Demands Reversal of Illegal Air Cargo Fee Hike
Exporters and business leaders in Lahore condemn a sudden Rs 50/kg increase in air cargo handling charges, calling it illegal and harmful to Pakistan's export competitiveness.
Category : Trade Commerce
Cement Exports Up 10% in Pakistan, Value Gains Amid Volume Drop
Pakistan's cement exports increased by 10.03% in value to $228.935 million during July-February 2025-26, though quantity fell slightly by 0.59%, with mixed monthly trends reported by PBS.
Pakistani Oil Tanker MT Karachi Navigates Strait of Hormuz
The first Pakistani vessel to transit the Strait of Hormuz after Iran's closure has reached Pakistan's maritime zone, carrying 80 million litres of crude oil with Navy escort and special Iranian permission.
Exporters Warn Punjab Cess Will Raise Costs
Exporters in Pakistan are warning that a new cess imposed by the Punjab government will significantly increase production costs, potentially harming the country's export competitiveness.
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Eid Shopping Booms with Salary Releases Across Pakistan
Retail markets in Pakistan witness a significant surge in activity as Eid-ul-Fitr nears and salaries are disbursed, boosting consumer spending and economic momentum.
Fare Hikes Disrupt Eid Homecoming Tradition in Pakistan
Millions of Pakistanis face disruptions to their Eid homecoming traditions due to significant fare hikes by transport services, impacting travel plans and family reunions.
Punjab-Uzbekistan Trade Pact Expands Investment, Cultural Cooperation
Punjab and Uzbekistan are advancing toward a comprehensive trade agreement to enhance bilateral investment and cultural cooperation, marking a significant step in regional economic integration.
US Trade Probes Against 16 Partners Spark Global Tensions
The United States has initiated sweeping trade investigations targeting 16 major trading partners, including China, the EU, and Pakistan, under Section 301. China condemns the move as unilateralist, warning it could disrupt global trade rules and economic
Uzbekistan Calls for Expanding Trade with Pakistan
Uzbekistan has formally requested an expansion of trade relations with Pakistan, aiming to strengthen bilateral economic ties and enhance regional connectivity through increased cooperation.
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RCCI Proposals Included in Upcoming Trade Policy, Aurangzeb Says
Finance Minister Muhammad Aurangzeb confirms that proposals from the Rawalpindi Chamber of Commerce and Industry have been incorporated into the upcoming trade policy, aiming to boost exports and economic growth.
Japan Urges US to Exempt Its Goods from 15% Tariff Hike
Japan's trade minister requested assurances from the US that Japanese goods would not face a potential 15% tariff, following a meeting in Washington amid new global trade uncertainties.
Pakistan Service Exports Jump 18.78% in 7 Months, Deficit Widens
Pakistan's service exports rose 18.78% to $5.659 billion in July-January 2025-26, while imports grew 17.46%, widening the trade deficit by 14% to $2.074 billion, per PBS data.
LCCI and Turkish Airlines Sign MoU for Business Travel Benefits
The Lahore Chamber of Commerce and Industry signed an MoU with Turkish Airlines to provide corporate travel privileges, discounted fares, and incentives for the business community, enhancing international trade connectivity.
Pakistan's Trade Deficit Soars 25% in Eight Months
Pakistan's merchandise exports fell 7.30% to $20.462 billion in July-February 2025-26, while imports rose 8.06%, widening the trade deficit by 24.98% to $25.042 billion, per PBS data.
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Traders and Union Leaders Back Pakistan Armed Forces
Prominent business leaders and trade union representatives have expressed strong solidarity with the Pakistan Armed Forces, emphasizing their role in national security and economic stability.
Deadlock Over NITL MD Appointment Continues in Pakistan
The appointment of a new Managing Director for the National International Trading Limited (NITL) remains stalled due to a lack of consensus among stakeholders, impacting trade operations and governance.
Sri Lankan Envoy Visits ICCI to Strengthen Pakistan Trade Ties
Sri Lanka's High Commissioner to Pakistan visited the Islamabad Chamber of Commerce and Industry to explore new avenues for enhancing bilateral trade and investment, highlighting strategic advantages and priority sectors.
SCCI Urges Faster Customs Clearance at Azakhel Dry Port
The Sarhad Chamber of Commerce and Industry calls for expedited clearance of over 100 stranded import containers at Azakhel Dry Port, warning of financial losses due to delays.
FPCCI: Trade Rules Amendment Threatens Business Community
The Federation of Pakistan Chambers of Commerce and Industry expresses grave concern over proposed amendments to Trade Organisation Rules, warning of devastating impacts on district economies and business representation nationwide.
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Trump Hikes Global Tariff Rate to 15% After SC Ruling
Following a Supreme Court decision, former President Donald Trump has announced a significant increase in the global tariff rate to 15%, impacting international trade dynamics and economic policies worldwide.
Asia's Economies Face Uncertainty After US Tariff Ruling
Asian nations are assessing the economic impact of a recent US tariff ruling, which could disrupt trade flows and increase costs for key industries across the region.
Trump Raises Tariffs to 15% After Supreme Court Decision
President Donald Trump announced an increase in temporary tariffs on U.S. imports from 10% to 15% following a Supreme Court ruling that struck down his previous tariff program as invalid.
Private Sector to Head Export Development Fund Board
Pakistan's Export Development Fund board will now be chaired by a private sector representative, aiming to boost exports and align with global trade practices.
US Supreme Court Rejects Trump's Global Tariffs
The US Supreme Court has ruled against former President Donald Trump's global tariffs, affirming limits on presidential authority in trade policy. This landmark decision impacts international trade relations and sets a precedent for future executive actio
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US Negotiates Venezuelan Oil for India to Cut Russian Imports
The United States is in active talks to sell Venezuelan oil to India, aiming to help the world's third-largest oil importer diversify away from Russian crude. This move is part of a broader trade deal that includes tariff reductions on Indian goods.
Foreign Cars Flow to Russia Via China, Bypassing Sanctions
Foreign automakers are reportedly using China as a transit route to export vehicles to Russia, circumventing international sanctions imposed after the Ukraine war. This development highlights the challenges in enforcing global trade restrictions and the e
Indonesian Minister Arrives for Pakistan Trade Talks
Indonesian Investment Minister Bahlil Lahadalia has arrived in Pakistan for crucial trade discussions aimed at boosting bilateral economic ties and exploring new investment opportunities.
Pakistan, Uzbekistan Set $2B Trade Target to Boost Economic Ties
Pakistan and Uzbekistan have agreed to set a $2 billion trade target, aiming to enhance bilateral economic cooperation and strengthen regional connectivity through new agreements.
US-India Trade Deal: Tariffs Cut, India to Buy US Oil
US President Donald Trump announces a trade deal with India, reducing tariffs on Indian goods to 18% from 50%. India agrees to lower trade barriers, stop Russian oil purchases, and buy US and Venezuelan oil instead.
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Pakistan-Rwanda Sea Routes to Access $300B East African Market
Pakistan and Rwanda are exploring direct sea routes from Karachi to East African ports like Djibouti and Mombasa, aiming to access the 500-million-strong EAC market valued at over $300 billion, with plans to cut shipping costs by 30%.
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