Foreign Trade
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Foreign Trade Major Imports of Pakistan 1. Machinery. 2. Petroleum. 3. Chemicals. 4. Vehicles and spare parts. 5. Edible Oil. 6. ea
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Foreign Trade
Transcript of Foreign Trade
Foreign Trade
Foreign Trade Major Imports of Pakistan1. Machinery.2. Petroleum.3. Chemicals.4. Vehicles and spare parts.5. Edible Oil.6. Tea
Foreign TradeMajor Exports of Pakistan 2014:
Raw cotton Leather and leather products. Carpets and rugs, Tents. Synthetic textiles. Surgical instruments. Sports goods. Readymade garments. Vegetable, fruit and fish. Engineering goods. Chemicals and Pharmaceutical products.Major Trading PartnersNOCountries% of imports% of Exports% Total Trade1China19.711.116.92European Union10.418.2133United Arab Emirates12.18.510.94Saudi Arabia12.28.595United states 3.213.66.76Kuwait6.30.074.47India3.72.13.28Malaysia3.90.92.9Foreign Direct Investment Pakistan over the last few years has developed itself as a potential market for foreign investors with its liberal investment policy, cheap labour, tax incentives and good return on investments
Minimum share of the local (Pakistani) partner in a joint venture will be 60:40 for the service sector. However, 100% foreign equity can be owned for first 5 years.
The FBR (Federal Board of Revenue) will not question as to the source of investment; however, the FBR will only want to know whether the investor has paid requisite Income Tax on that specific investment. The FBR will not inquire into the source of the funds.
Foreign investors are allowed to invest in industrial project on 100% equity basis without any permission from the government.
There is no requirement for a No Objection Certificate from the Provincial Government.Pakistan is attracting private equity and was the ranked as number 20 in the world based on the amount of private equity entering the nation
Business regulations are now among the most liberal in the region. This was confirmed by the World Bank's Ease of Doing Business Index report published in September 2009 ranking Pakistan (at 85th) well ahead of neighbours like China (at 89th) and India (at 133rd)Foreign Direct InvestmentCountry2012 ($M)2013 ($M)2014 ($M)2014-15(jul-Dec)USA227.7223.0212.1124.9UK205.8632.3157.063.3UAE36.619.9(78.1)103.1Japan29.730.730.143.2Hong Kong80.3242.6228.572.1Switzerland127.1149.0209.8(8.2)Saudi Arabia(79.9)3.2(40.1)(63.7)Germany27.25.0(5.7)(5.0)Korea(south)25.45.824.40.8Norway275(258.4)(21.6)0.0China126.190.6695.8147.8Others289.7283.6255.450.8Total820.71447.31667.6529.1
