- China export taxes cut on grain, other products
Beijing: China announced it was abolishing export duties on a number of cereals and industrial products while cutting the tax on chemical .... More
- 'China may allow foreign firms to list'
Beijing: China may allow foreign firms with investments inside the country to list domestically, as part of efforts to .... More
- Concern voiced over ATT
Karachi: Pakistan-US Business Council Chairman, Haroon Rashid held reservations over the signing of the Transit Trade Agreement which would .... More
- India's corporate sector loses Rs342bn due to power outages
New Delhi: Power outages and poor electricity supply is playing havoc with the Indian economy, as the corporate sector of .... More
- Mediation for dispute resolution be made mandatory: KCCI
Karachi: Karachi Chamber of Commerce and Industry President Anjum Nisar have said the government, through legislation, should declare .... More
- Rupee fall never helped increase exports: study
Lahore: Decline in rupee value has always played havoc with the economy as it has never helped increase exports but added to the debt .... More
- SAARC CCI to hold roundtable conference
Karachi: Minister for Economic Affairs, Royal Government of Bhutan, Lyonpo Khandu Wangchuk, will inaugurate the "Roundtable on SAFTA: .... More
- Textile exports from slip by 9.5pc
Islamabad: The overall textile exports1 of the country during July-May 2008-09 registered a downward trend decreasing by 9.5 per cent, when .... More
- US trade gap shrinks to nine-year low
Washington: The US trade deficit narrowed sharply in May to its lowest level in nearly a decade, led by a plunge in .... More
- ADB, Citibank sign $1.5bn trade finance plan for Asia
Manila: US banking giant Citi and the Asian Development Bank have agreed to jointly provide up to $1.5 billion in financing .... More
- AHAN programme to market products
Lahore: The Aik Hunar Aik Nagar (AHAN) programme will focus on development and marketing of products produced by artisans .... More
- Amendments to Trade Organizations Ord suggested
Lahore: The Lahore Chamber of Commerce and Industry has welcomed the decision to form Trade Organisations Advisory Council .... More
- Anti-G8 demonstrators clash with police in Italy
Rome: Anti-G8 demonstrators clashed briefly with Italian police in the first big protest ahead of next week's summit of the .... More
- Austria records trade deficit in April
Vienna: A report by Statistics Austria said the trade deficit stood at EUR651.7 million in April, in contrast to a surplus .... More
- Bidders claim favouritism in awarding NICTSP contract
Islamabad: National ICT R&D Fund, a listed company in the public sector, has awarded a contract for monitoring its National ICT Scholarship .... More
- Bishops of G8 nations issue letter to defend the poor
London: In an open letter to the leaders of the G8 nations, the bishops from the world's eight most industrialized countries called on them .... More
- BRIC nations vow to revive world economy in first summit
Yekaterinburg, Russia: The first-ever summit of the BRIC group-comprising Brazil, Russia, India and China-was held on 16 June in Yekaterinburg, Russia, .... More
- Checks proposed on poppy seed import
Islamabad: The Federal Board of Revenue (FBR) and the Ministry of Narcotics (MoN) have expressed different views on the .... More
- China bans virtual cash for real-world trade
Beijing: Officials in China are banning use of virtual money to buy real-world goods and services. Under new regulations released jointly .... More
- China reassures on dollar debate before G8
Rome: France and Russia urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-.... More
- China reduces export duties on molybdenum and tungsten
Beijing: China on June 22nd 2009 has revised and reduced the duties on exports of nonferrous metals from July 1st 2009. .... More
- China toughens laws on doctoring statistics
Beijing: China tightened its laws on manipulating data and threatened "severe punishment" for officials who alter or falsify government .... More
- China's internet porn filter -- no Garfield please
Beijing: Beijing has ordered all personal computers sold in China from July 1 to be preinstalled with the Green Dam .... More
- Chinese group set to pave way for formal fruit purchasing plan
Taipei, Taiwan: A Chinese delegation that will survey Taiwan's fruit market in preparation for an October visit by an .... More
- Colombia says April trade deficit $106.4 mln
Bogota: Colombia's trade deficit was $106.4 million in April versus a surplus $183 million in the same month last year, the .... More
- Corruption costs Italy over $84bn: official
Milan: Corruption in Italy's public administration costs the country more than 60 billion euros ($84 billion) a year and is an obstacle to .... More
- Customs facilitates trade, contributes to national effort
Colombo: The Sri Lanka Customs is dedicated to enforce revenue and social protection laws of the State while facilitating .... More
- Developing economies sans China, India to contract 1.6 percent: World Bank
Washington: Developing countries will grow by a slim 1.2 percent in 2009, after growing by 8.1 percent in 2007 and 5.9 percent in 2008, according to forecasts .... More
- DJ Brazil's Lula to call for solidarity with poor nations at G8
Brasilia: Brazilian President Luiz Inacio Lula da Silva will call on wealthy nations to moderate their demands on poor .... More
- Drug spending continues to rise: OECD
Ottawa: Spending on prescription and non-prescription drugs continues to rise in Canada, making us the second-highest per-.... More
- Employers need to be more informed and proactive - ILO Consultant
Colombo: Employers need to be more informed and proactive in the way they are dealing with the crisis, Consultant ILO Sri .... More
- Export sector needs growth impetus
New Delhi: The global economic meltdown is likely to impact India's export growth in 2009-10.
.... More
- Exporters criticise procedure change in DTRE approvals
KARACHI: Exporters have complained they are suffering delays in getting their applications for Duty and Tax Remission for Exports (DTRE) .... More
- FDC to G8-funded World Bank: Cancel all illegitimate debts
Manila: members of the Freedom from Debt Coalition (FDC) staged a protest action in front of the World Bank office here on .... More
- First industrial policy in a couple of months: Wattoo
Islamabad: The Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo said on Friday that the government .... More
- Food safety workshop in India
Mumbai: Workshop on the Indian food industry dynamics and strategies for addressing quality and safety related issues will .... More
- Foreign Ministry goes for more bilateral trade
Colombo: Minister of Foreign Affairs Rohitha Bogollagama told Daily News Business that there is a conducive environment for .... More
- France to finalise partnership accord
Lahore: French Economic and Commercial Counsellor Dominique Simon has said that the French President, Nicolas Sarkozy is .... More
- France, Britain in summit talks ahead of G8
Evian-Les-Bains, France: Prime Minister Gordon Brown joined French President Nicolas Sarkozy in this Alpine town on Monday .... More
- G8 admits its failure to meet Gleneagles aid pledges
L'Aquila: Officials at the G8 summit in Italy said yesterday there was "little chance" the eight countries would keep the .... More
- G8 agrees €15bn fund to help feed world's poor
L'Aquila, Italy: barack Obama and fellow rich nation leaders have unveiled a $20 billion (€14.3bn) fund to help feed the .... More
- G8 eyes farms, free trade and fair elections for Afghans - Summary
Trieste, Italy: Afghanistan needs farms which produce something other than opium, free elections and the chance to trade with its .... More
- G-8 is dead, long live G-14
L'Aquila (Italy): The G8 summit wound up here on Friday with a wry acknowledgement of its growing irrelevance as the .... More
- G8 leaders share accommodation
L'aquila, Italy: G8 leaders, usually sealed off from their peers at summits, found themselves living side by side at the .... More
- G8 meeting a chance for Brown to show talent
London: Another conference, another country. These are the grand events Gordon Brown loves. In two years as Prime Minister, .... More
- G8 to agree to open trade, boost farm aid - draft text
Washington: Group of 8 leaders will agree to fight trade protectionism and mobilize billions over the next three years to .... More
- G-8 to call for innovative financial mechanism in development support
Tokyo: Group of Eight leaders will agree in their upcoming meeting in Italy to urge the international community to consider .... More
- G8: joint draft declaration G8-Africa
L'Aquila: The draft declaration by the summit in L'Aquila has emphasized that "for the first time ever the leaders have .... More
- Garment exports dip 10% in April-May
New Delhi: Even as the export market for Indian garments is beset by a demand dip - with garment exports down by 10 per .... More
- German exporters say world trade picking up
Berlin: The slump in global trade has already hit its lowest ebb and German trade should also begin to perk up in the .... More
- Global Enabling Trade Report
Islamabad: The country's ranking dropped to 100th position in 2009 from 84th in 2008 in the Global Enabling Trade Report .... More
- Global trade management software
International trade has never been easy. Importers and exporters have long confronted challenges created by differing .... More
- Governance level in Pakistan at lowest in region
Lahore: The Worldwide Governance Indicators 1996-2008, released by the World Bank, reveal that the level of government control in fields vital for the well-.... More
- Governor Bredesen, Commissioner Kisber to lead trade mission
Nashville: Tennessee Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber announced plans to attend the .... More
- Govt fails to stem tide of factory closure: APTMA
Lahore: All Pakistan Textile Mills Association Chairman Tariq Mehmood has warned that the current gloom in the industrial sector will turn .... More
- Gulf States and ASEAN eye new trade bloc based on food, oil
Manama: Gulf Arab states and the 10-member Association of Southeast Asian Nations (ASEAN) moved toward building a trade bloc based on food and oil at a joint .... More
- Hu Jintao to attend leaders' dialogue between G8, emerging economies
Beijing: Chinese President Hu Jintao will attend a dialogue meeting between the leaders of the Group of Eight (G8) and emerging economies .... More
- Industrial policy in two months: Wattoo
Islamabad: Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo informed the National Assembly that first ever .... More
- Kenya flower earnings fall 19pc in Q1 2009
Nairobi: Kenya's vital flower exports fell 19.5 per cent to 10.7 billion shillings ($141 million) in the first quarter of .... More
- LCCI says industry losing export orders
Lahore: The Lahore Chamber of Commerce and Industry has urged the government to save the trade and industry from total .... More
- Leather exports drop 20pc, tanneries closed
Karachi: Pakistan Tanners Association Chairman Afzal Husain has said a number of tanneries in the Korangi's tannery zone have closed down .... More
- Lowa, Nebraska producers team up for trade mission
Tokyo: A delegation of six producers representing the Iowa Beef Industry Council, the Iowa Corn Promotion Board, the Nebraska Beef Council .... More
- Malaysian PM sets reforms to boost investment
Kuala Lumpur: Malaysian Prime Minister Najib Razak unveiled new measures to boost investment in the country's slumping .... More
- Malaysia's exports plunge 29.7pc in May
Kuala Lumpur: Malaysia's exports slumped 29.7 per cent in May from a year earlier, hitting their lowest level since 2001 .... More
- Mary Robinson, Archbishop Desmond Tutu, and Prof. Muhammad Yunus call on G8 to renew their commitment to the world's children
Washington: In an open letter sent to the leaders of all G8 countries, Desmond M. Tutu, Archbishop Emeritus of Cape Town; Mary Robinson, .... More
- Mercosur agrees on the agenda for the presidential summit
Asuncion: Advance teams from Mercosur country members reached a tentative agenda for this month's presidential summit at .... More
- Mercosur will address inter-group trade restrictions in Paraguay
Asuncion, Paraguay: Mercosur Foreign Affairs and Economy ministers will be meeting Tuesday in Asuncion, Paraguay in the framework of the Common Market Group to .... More
- Minister wants export oriented production accelerated
Colombo: Sri Lanka should accelerate export oriented production to overcome the present global economic recession, said .... More
- NAM challenges House Anti-Trade Bill
Washington, D.C.: Following introduction of the Trade Reform, Accountability, Development and Employment Act in the House, which was .... More
- Nano technology, an answer to global economic crisis
Colombo: The development and commercialization of nano technology-based products requires a close partnership between the .... More
- Nepal's development hampered by instability, poor infrastructure: Study
Kathmandu: Nepal's efforts to accelerate economic growth and reduce poverty are being hampered by political instability, poor infrastructure, and other .... More
- Obama's food security pledge at G8 a laudable step; now must meet goals, aid agency says
Washington, D.C.: As President Obama heads to Ghana for his first official African visit as a head of state, international .... More
- Opportunities and benefits aplenty for Sri Lanka
Colombo: The second South Asian Countries Commodity Fair held with the Kunming Fair one of the top ten trade fairs in .... More
- Pakistan ranked 100 among 121 countries in 'The Global Enabling Trade Report 2009'
Islamabad: East Asian economies - Hong Kong and Singapore - occupy the top two positions in the Enabling Trade Index .... More
- Pakistan to hold exhibition in Canada every year
Karachi: Trade Development Authority of Pakistan Chief Executive Syed Mohibullah Shah has said Pakistan will hold a single .... More
- Pak-Lanka trade rises by 80pc
Karachi: Trade volume between Sri Lanka and Pakistan has increased by 80 per cent since 2002 after both the countries .... More
- Pawar sees potential to enhance ornamental fish exports
Hyderabad: The Union Minister for Food and Agriculture, Mr Sharad Pawar, on Saturday reiterated the Government's interest .... More
- Pope proposes new financial order
Vatican City: Pope Benedict XVI called on Tuesday for a new world financial order guided by ethics, dignity and the search .... More
- President Barroso at the G8 summit in Italy
Rome: President Barroso will represent the Commission at the G8 summit for the fifth time, which this year takes place .... More
- Protecting the poor in Sri Lanka
Colombo: The Institute of Policy Studies of Sri Lanka (IPS), in collaboration with the World Bank Resident Mission, .... More
- Recession in Europe may hit Indian shrimp exports
Kochi: Recession in Europe has taken a toll on 'luxury' shrimp consumption during 2008, which could have serious implications for Indian seafood exports in one .... More
- Remittances hit $7.8bn record high in 2008-09
Karachi: Pakistanis living abroad sent home a record $7.811 billion during financial year 2008-09, beating the previous .... More
- Russia takes key step forward in OECD membership negotiations
Moscow: Russia formally launched negotiations for its future accession to the OECD by submitting a detailed "Initial Memorandum" setting .... More
- Russia, China to push global currency at G8 summit
Rome: China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start .... More
- Russia's new WTO entry proposal 'unworkable': US
Moscow: Russia's proposal for joining the World Trade Organisation (WTO) as part of a customs union with Kazakhstan and .... More
- SA thinks again on import tariff pledge
Johannesburg: the government is considering raising import tariffs on garments to maximum levels agreed to by SA in the World Trade .... More
- SAARC CCI delegation leaves for Bhutan
Karachi: SAARC CCI Vice president Iftikhar Ali Malik and SAARC CCI Secretary General Iqbal Tabish left for Bhutan to address the Roundtable .... More
- Saudi exporters demand duty on Chinese imports
Riyadh: Saudi exporters urged the government to slap import duties on Chinese exports, including steel and plastics, to .... More
- Seminar on 'Trade terms - What are your risks and obligations?'
Colombo: The Trade Finance Association of Bankers (TFAB) will hold a seminar on "Trade Terms - What are your Risks and .... More
- Ship brings 155 tea containers under ATT
Karachi: Pakistan Tea Association (PTA) Chairman Hanif Janoo said that a vessel MV Orinoco River has arrived at the Karachi .... More
- Sindh to extend financial support in foreign trade to women
Karachi: Sindh Minister for Women Development, Tauqeer Fatima Bhutto on Saturday assured that her ministry will extend all .... More
- Sri Lanka accuses IMF of playing politics
Colombo: Sri Lanka has accused the International Monetary Fund (IMF) of politicizing financial aid following the fund's delay in considering a US$1.9-billion .... More
- Sri Lanka sees scope for trade expansion
Lahore: Sri Lankan High Commissioner Air Chief Marshal (Retd) Jayalath Weerakkody has said in the presence of a free trade agreement, there .... More
- Talks could lead to cut in UK's nuclear stockpile, says Gordon Brown
London: Britain's nuclear stockpile could be reduced after multilateral talks next year that are likely to flow from a .... More
- TDAP plans 4 trade shows in US
Karachi: Trade Development Authority of Pakistan will organise four regional trade shows in the United States with a view to promoting .... More
- TDAP seeks better access to EU markets
Karachi: A leadership summit between Pakistan and the EU in Brussels this month has agreed to explore new ways of providing .... More
- TDAP, JICA to cooperate for enhancing exports
Karachi: The Trade Development Authority of Pakistan (TDAP) and a Japanese agency have agreed on close cooperation for enhancing exports .... More
- Tent city that awaits the G8
Rome: Silvio Berlusconi switched the location of the G8 summit to the city of L'Aquila as a way of focusing world attention .... More
- Trade balance in India's favour despite fall in imports
Islamabad: Despite negative growth in imports from India and growth of Pakistani exports to India, the trade balance .... More
- Trade caravan planned for China, Kyrgyzstan
Karachi: Pakistan's trade caravan to China, Kyrgyzstan and Kazakhstan will start its journey from Karachi on October 15 to .... More
- Trade mission to Bangladesh
Colombo: The Sri Lanka Chamber of Small Industry has organised a 12-member trade mission to Dhaka, Bangladesh, leaving mid .... More
- Trade pact with China likely not on 2009 agenda
Taipei: The controversial issue of a comprehensive Taipei-Beijing trade pact may not be on the agenda this year, Taiwan's .... More
- Trade surplus hits 16-year high as imports slump
Wellington: New Zealand's trade surplus in May was its largest as a percentage of exports in 16 years as imports fell heavily.
.... More
- Traders to be consulted on trade policy
Islamabad: Federal Minister for Commerce Makhdoom Amin Fahim assured the members of Islamabad Chamber of Commerce and .... More
- Two main obstacles block free trade deal with EU
Dubai: Free trade negotiations between the GCCGCC and European Union (EU), which have been going on since 1988, face two further obstacles .... More
- UK must support Lanka's case for trade benefits - Veteran British Parliamentarian
Colombo: The United Kingdom, because of its special historical and cultural ties with Sri Lanka, has a duty to explain Sri .... More
- UNAIDS director calls for G8 to come through on HIV/AIDS funding pledges
New York: Michel Sidibe, the executive director of UNAIDS, voiced concerns that wealthy nations who previously pledged to .... More
- UNCTAD reveals top 5 ports of the world
Paris: The 2008 Ocean Transportation Report released by United Nations Conference on Trade & Development has shown Singapore, Shanghai, .... More
- US, India agree to "reset" Doha talks
Bali: World Trade Organization (WTO) Director-General Pascal Lamy continues to express optimism that a Doha deal is possible next year. After three days .... More
- World Bank tells G8: 2009 remains dangerous year
Rome: The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert .... More
- WTO approves import restrictions for Ecuador
Geneva: In a move hailed by developed and developing countries as proof that the World Trade Organization (WTO) can tackle the needs of developing countries in .... More
- Zimbabwe urged to review taxes, import duty
Harare: Stakeholders at the Zimbabwe National Chamber of Commerce congress on infrastructure development, policy framework and corporate .... More
