• English
    • en_USEnglish
    • en_GBEnglish
28 °c
26 ° Tue
26 ° Wed
26 ° Thu
26 ° Fri
Saturday, March 25, 2023
Asiafreepress
Advertisement
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
Breaking News
US strikes Iran-backed facilities in Syria after drone kills AmericanHR violations reach alarming proportions in IIOJK: ReportAt UN, Pakistan calls for respecting norms of accords like Indo-Pak Indus Water TreatyFlaxseed research set to receive a boost through new Pak-China MoUPatiala court sends Kashmiri journalist Irfan to 10-day NIA Custody
No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
No Result
View All Result
Asiafreepress
No Result
View All Result
Home Asia Pakistan

Pakistan’s exports to China expected to double: Ambassador Haque

Associated Press of Pakistan by Associated Press of Pakistan
September 21, 2021
in Pakistan
0
Pakistan’s exports to China expected to double: Ambassador Haque
0
SHARES
10
VIEWS

BEIJING, September 21 (APP): Pakistan’s exports to China are expected to double in the next two to three years as a result of the second phase of the China-Pakistan Free Trade Agreement and other measures taken by the two governments to enhance bilateral trade, said Pakistan ambassador to China, Moin ul Haque.

“During the first six months, Pakistan’s exports to China surged by more than 80 percent despite the ongoing COVID-19 pandemic, which has affected global trade and travel,” he said in an interview.


Statistics from the Ministry of Commerce indicated that during the first half of this year, Pakistan’s exports to China hit $1.73 billion, up 83 percent year-on-year.


During the same period, bilateral trade increased to $12.6 billion, up 63 percent year-on-year.


Ambassador Haque attributed the momentum to the second phase of the China-Pakistan Free Trade Agreement, which was signed in 2019, and also to China’s incentive to boost imports including the China International Import Expo and Pakistan’s six pavilions at leading trade expos in China, Pakistan’s active presence on China’s leading e-commerce portals, and China’s booming economic zones in Pakistan.


As part of the second phase of the free-trade agreement, China, which is Pakistan’s largest trade partner, removed tariffs on more than 300 Pakistani commodities, including agricultural products and textiles, bringing the total number tariff-free goods to 1,000.


“China has a particular system to boost imports, which is unique in the world, such as its China International Import Expo; and our country has set up online shops on China’s e-commerce platforms like Alibaba, Taobao and JD, all new impetus for us to hold great confidence in exports,” the ambassador noted.


In addition, he lauded the China Pakistan Economic Corridor (CPEC), which has entered its second phase of quality development this year.


“The CPEC has transformed Pakistan’s landscape and in particular, improved infrastructure for us, and as a result it will benefit China, Pakistan and the region,” he said.


The latest developments include construction of the western branch of the CPEC, which began this year and is expected to be completed in the next three years. The electricity transmission grid part of the CPEC also began commercial operations this year.


“The last three years have seen difficulties in the grid in the area, but since this year, it has improved electricity production and transmission,” he noted.

Tags: ChinaCPECExportsPakistan
Previous Post

Pakistan urges developed countries to fulfill commitments made under Paris agreement

Next Post

FM Qureshi calls for engaging with ‘new reality’ in Afghanistan to promote peace, stability

Associated Press of Pakistan

Associated Press of Pakistan

Next Post
FM Qureshi calls for engaging with ‘new reality’ in Afghanistan to promote peace, stability

FM Qureshi calls for engaging with ‘new reality’ in Afghanistan to promote peace, stability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

November 6, 2021
Heroic Tale of a Pakistani SULTAN in 1971 War

Heroic Tale of a Pakistani SULTAN in 1971 War

December 1, 2021
Indian forces kill under trial inmate in staged encounter in Kashmir

Indian forces kill under trial inmate in staged encounter in Kashmir

October 26, 2021
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

November 26, 2021
Pakistan summons Indian diplomat over killing of Muslims  in Assam

Pakistan summons Indian diplomat over killing of Muslims in Assam

4
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

4
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

3
India’s senior army officer booked on rape charges

India’s senior army officer booked on rape charges

3
US strikes Iran-backed facilities in Syria after drone kills American

US strikes Iran-backed facilities in Syria after drone kills American

March 24, 2023
HR violations reach alarming proportions in IIOJK: Report

HR violations reach alarming proportions in IIOJK: Report

March 24, 2023
At UN, Pakistan calls for respecting norms of accords like Indo-Pak Indus Water Treaty

At UN, Pakistan calls for respecting norms of accords like Indo-Pak Indus Water Treaty

March 24, 2023
Flaxseed research set to receive a boost through new Pak-China MoU

Flaxseed research set to receive a boost through new Pak-China MoU

March 24, 2023

Recent News

US strikes Iran-backed facilities in Syria after drone kills American

US strikes Iran-backed facilities in Syria after drone kills American

March 24, 2023
HR violations reach alarming proportions in IIOJK: Report

HR violations reach alarming proportions in IIOJK: Report

March 24, 2023
At UN, Pakistan calls for respecting norms of accords like Indo-Pak Indus Water Treaty

At UN, Pakistan calls for respecting norms of accords like Indo-Pak Indus Water Treaty

March 24, 2023
Flaxseed research set to receive a boost through new Pak-China MoU

Flaxseed research set to receive a boost through new Pak-China MoU

March 24, 2023
Asiafreepress

Follow Asia Free Press (AFP) on Twitter, Facebook, Linkedin, Youtube and Instagram for the latest news from China, Pakistan, Afghanistan, India, Kashmir and across Asia.

Follow Us

Photo Gallery

Quick Links

  • Submission Guidelines
  • Privacy Policy
  • About Us
  • Contact Us

Stay in Touch

To be updated with all the latest news, offers, and special announcements.

No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia

en_USEnglish (United States)
en_GBEnglish (UK) en_USEnglish (United States)