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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.
He reaffirmed Pakistan's commitment to safeguarding Chinese nationals in the country. Monday afternoon: The Chinese embassy issued a safety alert to Chinese citizens and enterprises in Pakistan, advising them to take increased safety precautions. Roads leading to the airport were sealed off following the attack, but the airport continued to ...
Since Karachi was also the hub of Pakistan's maritime trade, a blockade would be disastrous for Pakistan's economy. The security of Karachi Harbour was predominant to the Pakistani High Command, and it was heavily defended against any air or naval strikes. The strike aircraft based at airfields in the area secured the port's airspace. [1]
In 1947, Muhammad Ali Jinnah, founder of the state of Pakistan, clearly described the principles and objectives of Pakistan's foreign policy in a broadcast message, which is featured prominently in a quotation on the homepage of Pakistan's Ministry of Foreign Affairs website: "The foundation of our foreign policy is friendship with all nations across the globe."
TCP has its offices across various cities of the country including Karachi, Islamabad, Lahore and Multan. [2] [3] Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan.
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The FTA is projected to increase bilateral trade to $5 billion between the years 2016 and 2019 and then to $10 billion by 2022. [4] [5] The free trade agreement between the two countries was expected to be signed before the end of 2016. [6]
Karachi is one of the world's fastest-growing cities, [33] and has significant communities representing almost every ethnic group in Pakistan. Karachi holds more than two million Bengali immigrants, a million Afghan refugees, and up to 400,000 Rohingyas from Myanmar. [34] [35] [36] Karachi is now Pakistan's premier industrial and financial centre.