Chambers of commerce
The Chairman of the Gwadar Port Authority (GPA), Noorul Haq Baloch, has extended an invitation to local investors to establish industrial units in the Gwadar Free Zone, offering land on concessional rates. This move aims to facilitate the economic development of Gwadar, with the government offering a 23-year tax holiday,
Chambers of commerce
The Federal Board of Revenue (FBR) has taken drastic measures against industrialists, sparking concerns among business leaders in Karachi. Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has strongly criticized the FBR's actions, citing the issuance of unnecessary notices, freezing of bank
Chambers of commerce
Recently, the first training camp for leaders of youth entrepreneurship organizations in counties and districts of Fujian Province was held in Fuzhou. A group of young entrepreneurs from Changle returned from the training camp, bringing back certificates of completion and a lot of creative energy. They implemented their learning by
Chambers of commerce
Pakistan's Finance Minister Muhammad Aurangzeb has scheduled a meeting with nationwide chambers and trade associations on July 15, ahead of a planned nationwide strike announced for July 19 by the traders. The meeting aims to address concerns over the government's recent policies and tax reforms. Aurangzeb
Chambers of commerce
Finance Minister Muhammad Aurangzeb has extended an invitation to traders and investors to engage in dialogue regarding the government's economic measures and the Federal Board of Revenue's (FBR) powers, amidst a countrywide wheel-jam strike announced by traders. The strike, scheduled for July 19, is in protest
International trade
The Singapore Strait, a critical shipping route handling 30% of global trade flows, has seen a surge in armed robbery incidents, according to the International Maritime Bureau (IMB) Piracy Reporting Centre. The number of reported incidents in the first half of 2025 has reached 90, a 50% increase compared to
Exports
Thailand's economy is heading into uncertain territory, with potential losses of 200 billion baht in export value expected if the US imposes 25-36% tariff rates on Thai products. The University of the Thai Chamber of Commerce (UTCC) warns that even if a favorable tariff rate of 20% is
International trade
The recent developments in global trade have resulted in high tariff rates and escalating trade conflicts, leaving the industry uncertain about the future trajectory. According to a report by Maersk, the average effective tariff currently borne by US importers is 21%, significantly lower than the peak of 54% in April
International trade
Punjab's vast agricultural resources have been hailed as a key factor in enhancing economic collaboration and export growth through the China-Pakistan Economic Corridor (CPEC). The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) highlighted the potential for Punjab's food processing sector to become a major contributor
Exports
China's machine tool exports continued their double-digit growth, with a 13.2% year-on-year increase in May, reaching US$2.52 billion. This marks the third consecutive month of double-digit growth. In the first five months of the year, China's machine tool exports totaled US$11.57
Exports
China's exports of white goods to the US saw a sharp drop of 42.5% year-on-year in May, hitting a record low since March last year. The country's cumulative exports to the US from January to May fell by 8.4% year-on-year, with major categories such
Exports
Pakistan's cotton production has plummeted by over 60% in the past decade, falling from 14 million bales to a mere 5.5 million bales. This decline has forced the country to rely heavily on foreign cotton, depleting precious foreign exchange reserves and significantly impacting export competitiveness. The situation
