Trade Imbalance: Islamabad, Jakarta Agree to Review $4bn Deal

Trade imbalance: Islamabad, Jakarta agree to review $4bn deal

ISLAMABAD: Pakistan and Indonesia on Tuesday agreed to review their Indonesia-Pakistan Preferential Trade Agreement (IP-PTA), worth around USD4 billion, in a bid to boost bilateral trade and address the current trade imbalance. The IP-PTA, which has been in place since 2012, aims to provide preferential tariff concessions on a range of goods traded between the two countries, thus fostering closer economic ties. Under this agreement, certain prod…

Indonesia President Receives Warm Welcome in Islamabad

President Prabowo Subianto arrived in Islamabad and was accorded a warm reception and ceremonial guard of honour at the Prime Minister’s House. National anthems of both countries were played as the leaders reviewed the guard.Prime Minister Shehbaz Sharif and President Subianto held a one-on-one meeting followed by delegation-level talks to discuss bilateral relations and cooperation in trade, energy, defence, education, and regional connectivity…