BEIJING: The Chinese economy has seen its recovery gather steam in the first quarter (Q1) of 2024, displaying strength and resilience and bringing much-needed certainty to an otherwise uncertain global economic landscape. In the first three months of the year, China’s GDP expanded 5.3 percent from one year earlier, accelerating from 5.2 percent in the…
Government Extends Validity of Afghan Refugees’ PoR Cards Until June 30. The government has prolonged the validity of Afghan refugees’ Proof of Registration Cards (PoRs) from April 1, 2024, to June 30, 2024. This extension aims to assist those who have not yet departed Pakistan voluntarily amid efforts to remove illegal foreigners. Prime Minister Shehbaz…
Islamabad, April 26, 2024 : The 7th Intersessional meeting of Pakistan-United States of America Trade and Investment Framework (TIFA) was held in Islamabad on 25th April2024. Mr. Muhammad Sauleh Ahmad Faruqui, Federal Secretary Ministry of Commerce, led the Pakistan’s delegation while the US delegation was led by Mr. Brenden Lynch, Assistant United States Trade Representative…
Nestlé Pakistan’s revenue, for the three-month period ending March 31, 2024, rose to PKR 54.4 billion. This reflects a growth of 9.7% compared to the same period last year. This increase in revenue can be attributed to broad-based growth across our products and demand generating activities. Although there was an increase in gross profit, there…
The Ministry of Commerce and the World Trade Organization (WTO) jointly organized a four-day ‘National Workshop on General Agreement on Trade in Services (GATS)’ in collaboration with the Pakistan Regional Economic Integration Activity (PREIA), a USAID-funded project. The workshop’s objective was to equip participants with an enhanced understanding of the services trade negotiations to enable…