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Market watch: Bearish spell ends with 398-point rise at PSX

Market watch: Bearish spell ends with 398-point rise at PSX
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PM aide for diversifying trade

PM aide for diversifying trade PM aide for diversifying trade ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood, along with senior officers of the Ministry of Commerce, held a virtual meeting with the UK Deputy High Commissioner in Karachi and Trade Director for Pakistan Mike Nithavrianakis. During the meeting, matters pertaining to bilateral trade and investment came under discussion. The adviser appreciated the enhanced bilateral trade between Pakistan and the UK and spoke about ways to further enhance and diversify trade and investment opportunities between the two countries. Post-Brexit UK has granted enhanced market access to Pakistan on the basis of 2018 EU Monitoring Report. It will continue till December 2022 under the “Enhanced Framework”. The UK government has launched an eight-week public consultation drive on the UK’s future tariff schedule and policies regarding its Generalised Scheme of Preferences (GSP), in which Pakistan has a

Import of 600,000 metric tons of sugar allowed

Import of 600,000 metric tons of sugar allowed July 29, 2021 ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday decided to merge a summary tabled by the Ministry of Industries and Production for allowing import of 100,000 metric tons of sugar after knowing that the federal cabinet had approved the import of 600,000 metric tons of sugar in order to build up strategic reserves. Top officials told The News in the background discussions after the ECC meeting that the forum had earlier approved import of 200,000 metric tons of sugar but when this issue came under discussion in the federal cabinet this week, it was decided to add 300,000 to 400,000 metric tons more to it so that a total of 600,000 metric tons of sugar would be imported in totality in order to build up strategic reserves in the domestic market.

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