During a recent session chaired by Senator Anusha Rahman Ahmad Khan, the Senate Standing Committee on Commerce disclosed significant developments in Pakistan’s trade and economic sectors.
Ahsan Ali Mangi, Additional Secretary, confirmed the completion of export protocols for donkey skins to China, with plans underway to extend these to include donkey meat in the future. This move aims to capitalize on new trade avenues with China.
Furthermore, Pakistan has finalized export protocols for essential commodities such as onions, potatoes, and chillies to China. However, concerns persist regarding Pakistan’s onion production meeting domestic demand adequately.
In a separate development, Pakistan has successfully concluded a Transit Trade Agreement with Central Asian nations, marking a milestone expected to enhance regional trade dynamics.
Meanwhile, the Trading Corporation of Pakistan (TCP) reported a substantial debt amounting to Rs281 billion, highlighting ongoing concerns about circular debt within the country’s financial system.
State Life Insurance and the National Insurance Company Limited (NICL) presented their strategies aimed at fostering growth and bolstering public confidence in their services.
These updates underscore Pakistan’s concerted efforts to diversify its trade partnerships, address economic challenges, and strengthen institutional frameworks crucial for sustainable development.