PTA to foster bilateral trade relations between Pakistan, Indonesia

News Image

MG News | July 15, 2017 at 06:38 PM GMT+05:00

The upcoming review under the Preferential Trade Agreement (PTA) discussion provides a good opportunity between Pakistan and Indonesia to foster bilateral trade relations and both the countries have assured positive consideration on these matters.

This was the outcome of the first meeting of Bilateral Consultative Forum between the Ministry of Foreign Affairs of Indonesia and the Ministry of Foreign Affairs of Pakistan held in Jakarta, said a statement issued by the Foreign Office on Saturday.

Pakistani delegation was led by Syed Zulfiqar Gardezi, Additional Secretary (Asia Pacific), Ministry of Foreign Affairs, Pakistan whereas the Indonesian side was led by Desra Percaya, Director General for Asia Pacific and African Affairs, Ministry of Foreign Affairs.

Gardezi also held a meeting with Vice Minister for Foreign Affairs A M Fachir. Separately, he held discussions with Hirubalan V P, Deputy Secretary General ASEAN on ways to enhance Pakistan-ASEAN engagement.

The Forum reviewed the whole spectrum of bilateral relations including political, defence, security, economy and consular matters and it was agreed to translate the existing goodwill into concrete measures.

The two sides discussed increased high level exchanges over the coming months. To increase people to people contacts, easing visa regime to facilitate exchanges was emphasized.

Both countries underscored their commitment to continue strengthening bilateral relations especially through the mechanism of Consultative Forum, Joint Commission, Joint Working Group on Counter-terrorism and Policy Planning Dialogue. It was agreed to hold the Second Meeting of Bilateral Consultative Forum at a mutually convenient date in Pakistan during 2018.

Besides reviewing the current state of bilateral relations, both sides exchanged views on regional and global issues including South Asia and the ASEAN region and expressed satisfaction on cooperation at various multilateral fora. The Pakistan side highlighted the issues in relations with India particularly its continued gross human rights violations in Indian Occupied Jammu and Kashmir.

Related News

Name Price/Vol %Chg/NChg
KSE100 166,409.25
235.53M
-0.47%
-784.19
ALLSHR 100,707.78
824.63M
-0.45%
-457.17
KSE30 49,026.65
68.91M
-0.60%
-294.03
KMI30 237,971.74
66.09M
-0.41%
-986.42
KMIALLSHR 65,023.98
327.90M
-0.48%
-312.08
BKTi 45,944.24
13.97M
-0.74%
-340.31
OGTi 33,648.58
5.44M
-0.37%
-124.48
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,900.00 78,275.00
76,820.00
930.00
1.21%
BRENT CRUDE 113.40 114.29
111.03
2.60
2.35%
RICHARDS BAY COAL MONTHLY 134.00 134.00
134.00
3.00
2.29%
ROTTERDAM COAL MONTHLY 148.05 148.05
145.60
4.10
2.85%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 102.95 0.00
0.00
-1.17
-1.12%
SUGAR #11 WORLD 19.37 19.58
19.21
-0.10
-0.51%

Chart of the Day


Latest News
November 01, 2026 at 10:38 PM GMT+05:00

Petrol price freeze costs refiners PKR49/litre


October 31, 2026 at 05:38 PM GMT+05:00

SECP marks nearly 40,000 non-filing companies inactive


October 31, 2026 at 03:34 PM GMT+05:00

Weekly Market Roundup



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg