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Pakistan to review all preferential trade agreements
17 Jun '16
3 min read
In case of the Pakistan-Malaysia FTA, the revenue cost of exemptions to Pakistan is estimated at Rs 1.674bn in the year 2015-16.
Pakistan and Indonesia have signed PTA on February 3, 2012. The PTA became operational in September, 2013. This trade deal also backfired with Pakistan suffering a revenue loss of Rs 3.932bn in 2015-16.
No tangible growth was witnessed in exports to countries like Iran, Mauritius, Sri Lanka but Pakistan suffered a revenue loss of Rs 1.250bn in 2015-16. (SH)
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