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Discussion in 'Pakistan Economy' started by Path-Finder, Dec 4, 2019.
This is exactly we should have been doing 10 years back.. We have lost 10 billion USD in money laundering and close to the same amount in missed business agreements.. That's 20 billion dollars a year..
A month old news, but we should tap into the market as much we can and boost our exports. Exports are the real life line of Pakistan that was destroyed by PMLN even PPP was doing better in exports
where is that tooi wal! lets ask it why didn't its mian do this? probably india told the kabarai not to do this.
India’s cotton yarn exports drop due to Pakistan-China’s Free Trade Agreement
India's cotton yarn exports between April and September this year were recorded at 422mn kgs valued at $1.27bn.
Under the new FTA, China would open up 90 pc of its market for Pakistani goods whereas Pakistan would share 65pc of its market with Chinese exports.
The Free Trade Agreement (FTA) between Pakistan and China has dented India's cotton yarn exports after Indian cotton exports declined by a massive 38.8 percent during the first six months of the current fiscal year that ended in September 2019.
According to a report in Deccan Herald, cotton yarn exports between April and September this year were recorded at 422 million kgs, valued at $1.27 billion as compared to 654 million kgs valued at $2.08 billion recorded in the same period last year.
The report states that the FTA between China and Pakistan has been the major factor behind India's cotton yarn decline, as India cotton yarn exports to China dropped after the second phase of China-Pakistan FTA came into effect. The FTA was signed in April on goods worth $64 billion that mostly pertained to textile products including cotton yarn