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.
Stung by a rash of trade deals that has aggravated the country's balance of trade, the Pakistani government has decided to review all such existing preferential pacts through which Pakistan conducts its trade on preferable terms with other countries on bilateral basis.
The review will be conducted through multiple means of stakeholders' consultations #
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)
ALCHEMPro News Desk – India
marketing@alchempro.com
