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Pakistan–ASEAN Trade Imbalance in Focus

The FPCCI and the Honorary Consulate General of the Philippines in Karachi hosted a Pakistan–ASEAN Business Roundtable to strengthen economic cooperation. Senior Vice President Saquib Fayyaz Magoon highlighted ASEAN’s market of around 680 million people and combined GDP of more than $4 trillion. He noted that bilateral trade, estimated at $11–12 billion, remains imbalanced, with Pakistan’s exports below $1.5 billion. He proposed a Pakistan–ASEAN Business Forum, regular trade fairs, business exchanges and stronger investment ties through SIFC and special economic zones. The roundtable also explored cooperation in the global halal economy, valued at around $7 trillion.

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Trade

Pakistan, China Explore Trade Ties

A Pakistani delegation comprising foreign affairs expert Muhammad Mehdi and bureaucrats from Balochistan has visited China at the invitation of the Chinese government. Organised by the Chinese Embassy in Islamabad, the visit included meetings in Beijing with senior officials from China’s Ministry of Foreign Affairs, Tianjin University and key government and business institutions. Discussions covered the strategic importance of the China-Pakistan Economic Corridor (CPEC), Gwadar Port’s development and ways to expand bilateral trade and commercial cooperation. Gwadar Port Authority Director Qazi Nematullah also appreciated China’s continued support for social welfare initiatives in Gwadar. The meetings provided an opportunity to explore new avenues for economic cooperation between Pakistan and China.

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Global Investors to Attend PMIF 2026

Pakistan will host the Pakistan Minerals Investment Forum 2026 in Islamabad on November 12–13 to attract foreign investment, promote global partnerships and unlock the country’s mineral potential. The two-day forum will bring together Pakistan’s leadership, international mining executives, investors, policymakers and industry experts to explore opportunities in the minerals sector. Key speakers include Prime Minister Muhammad Shehbaz Sharif, Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, and Chief of the Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir. An accompanying exhibition will showcase companies, projects, products, services, equipment and technologies across the mineral and mining value chain. Forum President Ahmed Hayat Lak said globally renowned industrial companies will participate.

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TDAP to Focus on Eight Core Functions

Prime Minister Shehbaz Sharif has approved a plan to modernise the Trade Development Authority of Pakistan (TDAP) and strengthen the country’s export capacity. Proposed reforms would focus TDAP on eight core functions, restructure its board and management, improve its regional network, and introduce digital platforms and artificial intelligence. The plan also aims to expand international market access for Pakistani products and help local industries, including small and medium-sized enterprises, meet export standards. The prime minister has directed that the reforms be completed and implemented by mid-2027.

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