Pakistan’s transit trade faces crisis as new tracking system sparks cost
Emergency tracking arrangement raises concerns over security gaps, rising costs, and regulatory lapses
ECC waives requirement for bank guarantees on Afghan transit cargo
Waiver of bank guarantees applies solely to DAP urea imports
Govt to replace bank guarantee with insurance for Afghan transit trade through Gwadar Port
Move aims to streamline trade, ease doing business, and address concerns of investors and stakeholders
Pakistan, Bangladesh sign MoU for rice export to strengthen trade ties
TCP and Bangladesh’s Food Directorate seal agreement as Pakistan gifts rice in goodwill gesture.
FBR starts human monitoring for Afghan transit cargoÂ
This shift from satellite tracking follows the abrupt termination of license of TPL Trakker; raises smuggling fears
Commerce ministry begins drafting trade and tariff policies for 2025-30
Focus on export competitiveness, tariff rationalization, and achieving $60 billion export target
PM directs shift of 60% public imports, exports to Gwadar Port
Cabinet approves data protection under Peca, MoUs for textile parks and diplomatic training
TCP receives 11 bids for 50,000 metric tons of rice export to Bangladesh
Lowest bid at $498.40 per metric ton; TCP to evaluate offers for final decision
Uzbekistan targets $1 billion trade with Pakistan under bilateral agreement
Ambassador Tukhtaev highlights growing trade ties and investment opportunities
Pakistan Single Window integrates seven major govt bodies to streamline trade data
PSW now includes provincial revenue authorities, TDAP, DRAP, and Special Technology Zone Authority; integration is retrospectively applicable from July 1, 2024
Cabinet critiques Ministry of Commerce, recommends privatisation of TDAP, expo centres
Rightsizing committee identifies inefficiencies in trade missions abroad, recommends reforms across federal ministries
Russia, Central Asia eye Pakistani ports for trade, says Minister for Maritime Affairs
Pakistan’s maritime sector sees 25% profit growth; plans underway for $1.33 billion in port investments
Pakistan’s exports reach $16.561bn , trade deficit stands at $11.172bn in H1 FY25
Imports rise 6.11% to $27.733 billion in first six months of FY25 from $26.137 billion in the previous year
Tariff concessions announced on imports from seven countries under Preferential Trade Agreement
Reduced customs duties to take effect from January 2025 on goods from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Turkiye
Pakistan’s trade deficit with neighbors surges 48%, exports to Europe rise 14% in five months
Rising imports from China widen deficit; EU becomes key export market