ISDS Case Map
Pakistan
Minister for commerce Humayun Akhtar Khan has said rise and fall in trade deficit is part of government policies and commerce ministry has no role behind it.
Minister for Commerce, Humayun Akhtar Khan said on Wednesday said that Pakistan -Malaysia have concluded negotiations on a bilateral Free Trade Agreement (FTA) and it will be signed within next two - month for improving trade and investment between them. "The initiative includes trade in goods, trade in services , investment and Economic cooperation", he told a press conference here at a local hotel today.
Malaysia will allow import of Pakistan's textile products free of duty under a new free trade agreement.
All Parties Hurriyat Conference senior leader and Chairman Jammu and Kashmir Salvation Movement Zaffar Akabar Bhat on Thursday appealed the European Union to cancel the FTA with India due to its poor human rights record across the Occupied Jammu and Kashmir where, from the last 18 years Indian soldiers are not only killing the innocent people but also disappearing the youth and dumping them in fake encounters aimed at converting the majority of Muslim population into minority .
The European Commission on Thursday ruled out the possibility of a Pak-EU FTA in the near future and said that this requires a detailed review and better understanding of the proposal.
Italy has strongly supported Pakistan's case for Free Trade Agreement (FTA) with the European Union and given assurance to encourage Italian investment in Pakistan.
One of the key impediments to Pakistan's ability to become a robust performer in free trade tie-ups with a growing number of countries is the country's worsening internal political environment. As someone said once, investors are like pigeons. They come one by one but all fly together when the going gets rough.
The proposed Pak-US Bilateral Investment Treaty (BIT) is in the doldrums as the two sides have differences in certain areas and are showing no flexibility in their stances.
In a major breakthrough, Pakistan and Malaysia have decided to announce the much-awaited deal for free trade agreement (FTA) during the visit of Prime Minister Shaukat Aziz to Kuala Lumpur scheduled for May 27-29.
Prime Minister of Czech Republic Mirek Topolanek has assured Pakistan that being the European Union member, Prague would play its role in strengthening Islamabad's relations and striking a Free Trade Agreement with the bloc.
