Agreement with the Gulf Cooperation Council
Agreement with the Gulf Cooperation Council is to get trade in the big market, the Federal Minister for Commerce Gohar Ejaz has said that a free trade agreement has been concluded with the Gulf Cooperation Council (GCC) with the aim of gaining trade opportunities in the big market.
Special Investment Facilitation Council
Briefing the media after the Special Investment Facilitation Council meeting chair by Caretaker Prime Minister Anwar Haq Kakar in Islamabad, Federal Commerce Minister Gohar Ejaz said that the Gulf Cooperation Council (GCC) Forum was form in 2009, which includes 6 countries that have 14 After the year, the first free trade agreement was signed with Pakistan. The Minister of Energy said that the Gulf Cooperation Council market exports goods worth 1000 billion rupees and imports goods worth 500 billion rupees, of which Pakistan imports 19 billion dollars. while the share of export is two and a half billion dollars.
Gohar Ejaz said that the main objective of the free trade agreement was to trade with such a large market in which Saudi Arabia has played a major role. He said that the ministers of all the 6 countries appreciated the free trade agreement signed with Pakistan and said that Gulf Cooperation Council (GCC) has signed the first such agreement with any country.
The commerce minister said that the caretaker government take a step from the forum of the Special Investment Facilitation Council and made a proper law on the Afghanistan Transit Trade Agreement, which states that it has made a negative list of goods that were smuggle into Pakistan. A circular was made.
Legitimate Trade of Afghanistan
They said that they will provide facilities in the legitimate trade of Afghanistan. And for this we have only said that you should give a guarantee equal to the duty of the goods. You carry and this is the right of Pakistan. Because the infrastructure is being use. So, give him 10% fee. He said that the money of overseas Pakistanis. Continue to use for Afghan transit trade, our State Bank and Interbank. Did not intervene, even though the money that was not being receive in 330 dollars was. It has reach 280 because there was a crackdown. Against those who were smuggling money of Pakistanis across the sea. Then all that money came into the interbank.
Pakistan the Record Crop Production
Gohar Ejaz said that the dollar went from 160 to 330 not because of interbank but because of stopping smuggling. He expect that this year. Our exports will increase from 27 and a half billion dollars to 32 billion dollars. And in Pakistan the record crop production will also improve the economy. Gohar Ejaz said that the caretaker government is making all efforts. For the betterment of Pakistan and the nation.