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The purpose of the Pakistan Merchant Shipping Ordinance 2001 is to provide a framework and rules under which the Government Authorities will function in dealing with matters related to the shipping industry. [3] This law also covers obligations internationally required under the ILO conventions as Pakistan being an active member of the ILO. [4]
The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
Mercantile Marine Department, Pakistan (Urdu: سررشتہ بحری تجارت ، پاکستان) is an attached department of Ports and Shipping Wing, Karachi under the Ministry of Ports and Shipping, Government of Pakistan. The department was established in 1930 under the Merchant Shipping Act, 1923, which was repealed and replaced with ...
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
The Karachi Shipyard & Engineering Works Limited (KS&EW Ltd.) is a major defence contractor and shipbuilding company situated in the West Wharf in Karachi, Sindh in Pakistan. The KSEW Ltd. is sponsored and owned entirely by the Ministry of Defence Production whose corporate leadership comes directly from the Navy HQ of the Pakistan Navy.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
Ittefaq Foundries, commonly known as Ittefaq Group, was a Pakistani integrated steel producer headquartered in Lahore.It was founded in 1951 by Sharif family.At its peak, it was a manufacturer of diesel engines up to 200 hp, lathes, road rollers, agricultural equipment, and electric fans.
The Turkey-Pakistan Free Trade Agreement (also known as Pakistan-Turkey FTA) is a free trade agreement between Pakistan and Turkey. [1] It came into effect on 1 May 2023. [ 2 ]