Pakistan revises barter trade mechanism with Iran, Russia, and Afghanistan
New rules allow simultaneous import and export, extend transaction period to 120 days
Big sugar bites again
After allowing exports in 2024, the government finds itself in an awkward position this year by importing sugar to keep prices down. The question is, why does this keep happening again and again?
Pakistan exempts 57 items from certificate of origin requirement for Iran trade
Decision aims to boost legal cross-border trade; traders submit request for 37 more exemptions
Trade resumes at Sost Dry Port after Customs Tribunal ruling on stuck consignments
Pakistan Customs Appellate Tribunal clears over 200 consignments, resolves dispute with traders
PRAL’s incomplete import reporting causes $11bn discrepancy in Pakistan trade data: report
Certain Customs GD categories excluded from PBS data, causing under-reporting due to lack of integration with PRAL system, officials say
Pakistan halts Afghan transit cargo movement from Karachi ports
Customs cites capacity limits at Quetta and Peshawar stations; terminals ordered to offload all loaded containers
Pakistan’s import data shows $30bn gap between PSW and SBP figures over five years: report
IMF urges government to clarify trade data discrepancies and improve reporting transparency
ECC approves SRO to amend B2B Barter Trade Mechanism with Iran, Afghanistan, Russia
Committee eases restrictions, allowing private consortia, simultaneous import-export, and alignment with general export-import policy
Trade resumes at Khunjerab Pass after Gilgit-Baltistan traders call off 68-day sit-in
Federal government grants Rs4 billion tax exemptions on Chinese imports for local consumption; pending consignments at Sost Dry Port to be cleared
Pakistan’s trade deficit soars to $6 billion amid decline in textile exports in two months
August textile exports decline by 12.49% YoY, while overall imports rise 14.53% in the same period, exacerbating trade imbalance
Pakistan, Iran eye $10 billion trade, strengthen ties through new deals at Joint Economic Commission talks
Both sides sign protocols to enhance cooperation in trade, energy, agriculture, transportation, and culture; Joint Business Forum fosters private sector engagement
India’s push for EU trade deal hit by basmati rice dispute with Pakistan: Financial Times
Brussels plays for time as New Delhi and neighbouring Pakistan press competing claims to grain’s protected status
Pakistan proposes key amendments to barter trade mechanism with Iran, Afghanistan, and Russia
Ministry of Commerce seeks Cabinet approval for revised framework to ease non-cash trade with neighbouring countries
Pakistan’s trade deficit with Middle East rises 22.38% to $1.32 billion in July
Trade imbalance widens due to increased petroleum imports; exports to the region decline
Pakistan-Indonesia bilateral trade reaches $4.7 billion in FY25, FTA negotiations underway
Trade between the two countries grows by 40% in FY2024, with talks underway to finalise a Free Trade Agreement to strengthen ties further