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.
Category : Trade Commerce
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.
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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.
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.
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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.
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.
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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
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.
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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.
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%.
ICCI Roundtable Strengthens Pakistan's Economic Diplomacy
Islamabad Chamber of Commerce and Industry organized a conference with senior diplomats to enhance trade, investment, and economic cooperation between Pakistan and international partners.
Govt Revises Export Control Regime to Boost Trade
The Pakistani government has announced a revision of its export control regime, aiming to streamline processes and enhance international trade competitiveness.
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Trump Tariff Threat on South Korea Sparks Scramble
President Trump's surprise announcement to raise US tariffs on South Korean imports to 25% has rattled Seoul, with officials scrambling to respond. The move, linked to unmet investment pledges and trade deficits, highlights ongoing tensions in US-South Ko
Pakistan Seafood Exports to China Hit $255M in 2025
Pakistan's seafood exports to China reached nearly $255 million in 2025, driven by demand for frozen fish, cephalopods, and processed products. Guangdong, Shandong, and Beijing were top importers.
US Tops Pakistan's Export Destinations in FY 2025-26 First Half
The United States remained Pakistan's top export destination during July-December 2025-26 with $3.177 billion in exports, showing 5.26% growth. China and the UK followed with mixed performance across various markets.
Quetta Customs Seizes Rs235 Million in Smuggled Goods
Collectorate of Customs Enforcement Quetta has confiscated Non-Customs Paid vehicles and illegal goods worth Rs235 million in intelligence-led operations, including Toyota Mark X, Honda Accord, and contraband items.
EU-India Summit Seals Historic Free Trade Pact After 20 Years
European Council President Antonio Costa arrives in India for Republic Day and EU-India summit, aiming to finalize a landmark free trade agreement after nearly 20 years of negotiations between the economic giants.
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Xizang's GDP Exceeds 300 Billion Yuan in 2025
Southwest China's Xizang region has achieved a significant economic milestone, with its gross domestic product (GDP) surpassing 300 billion yuan in 2025, reflecting robust growth and development.
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