ISLAMABAD: Pakistan and Syria on Sunday signed a memorandum of understanding (MoU) on a joint working group to expand bilateral trade and economic ties, the Pakistani commerce ministry said.
Officials from both countries have recently been discussing expansion of bilateral relations, following a meeting between Syrian Chargé D’ affaires in Islamabad, Mazen Obeid, and Pakistani Interior Minister Sheikh Rashid Ahmed in September.
Last month, the Pakistan International Airlines (PIA) also announced expansion of direct flights to the Syrian capital of Damascus.
The MoU was signed at the office of the Syrian Minister for Economy and Foreign Trade Samer Al-Khalil in Damascus on Sunday. Pakistan’s Ambassador to Syria Air Marshal (retired) Saeed Muhammad Khan inked the document.
“They cited the MoU as an essential document for starting bilateral cooperation in different domains, especially the direct exchange of visits of businessmen from both sides,” Pakistan’s embassy in Damascus said in a statement.
“The two sides discussed various issues relating to exploring and activating venues of bilateral cooperation in the field of commerce and economic exchanges.”
Ambassador Khan said the resumption of direct flights between Pakistan and Syria was “an important step” toward activating bilateral trade and encouraging business delegations from both sides to explore opportunities in various fields.
The Pakistani embassy said the two sides agreed to fix a time for ministers of economy and trade to discuss related issues and exchange views over a webinar.
Pakistan, Syria sign accord to expand trade ties
https://arab.news/m6kd3
Pakistan, Syria sign accord to expand trade ties
- Both sides call the accord an ‘essential document’ for direct visits of businesspersons
- Last month Pakistan International Airlines also announced direct flights to Damascus
Pakistan transporters call off five-day strike after successful talks with Punjab government
- Transporters went on strike against heavy fines, penalties imposed by Punjab over traffic violations
- Punjab government sets up committee to resolve transporters issues, confirms provincial minister
ISLAMABAD: Pakistani goods transporters called off their five-day-long nationwide strike on Friday after successful talks with the Punjab government, officials and transporters confirmed, as the business community warned of an impending economic crisis if the dispute stayed unresolved.
Transporters went on a nationwide strike on Dec. 8 against stringent traffic rules and heavy fines imposed by the Punjab government over traffic violations. These penalties were included in the Motor Vehicle Ordinance 2025 last month.
The ordinance details hefty fines ranging from Rs2000 [$7] to Rs50,000 [$178] and mentions prison sentences going up to six months for various offenses committed by drivers, such as driving on the wrong side of the road or driving in vehicles with tinted windows.
“Yes, the strike has been called off after our meeting with Senior Minister of Punjab Marriyum Aurangzeb,” Nabeel Tariq, president of the All Pakistan Goods Transport Association (APGTA), told Arab News.
Tariq said fines ranging from Rs1000 ($3.6) to Rs1500 ($5.4) for traffic violations have been increased to around Rs20,000 ($71.3) as per the new rules.
He said the APGTA has agreed to accept a 100 percent or even 200 percent hike in fines. However, he said an increase of 2000 percent was not “logical.”
“Our urgent demands have been accepted and a committee has been formed to review the ordinance and come up with recommendations,” Tariq said.
Speaking to Arab News, Aurangzeb confirmed the strike had been called off after talks with the Punjab government and that a committee has been formed to resolve the transporters’ issues.
The committee will be headed by Aurangzeb and will include representatives of goods transporters, a statement issued by her office said.
“The government wants to protect human lives and make things better for all citizens,” the statement said. “We will resolve the issues (with transporters) amicably.”
‘UNPRECEDENTED CRISIS’
Pakistan’s business and industrial community, meanwhile, warned of an impending crisis if the disputed was not resolved.
The All Pakistan Textile Mills Association (APTMA) and the Karachi Chamber of Commerce and Industry (KCCI) have both appealed for immediate government intervention.
Imdad Hussain Naqvi, president of the Grand Transport Alliance Pakistan (GTAP), told Arab News that over 400,000 goods carriers had been stranded across Pakistan due to the strike, affecting supplies to millions of consumers.
Earlier, in a letter to Punjab Chief Minister Maryam Nawaz, APTMA Chairman Kamran Arshad said the strike has “critically impacted import and export operations which are backbone of the country’s economy.”
He said hundreds of cargo vehicles remain stranded across Punjab, creating “abnormal delays” in goods movement and triggering heavy demurrage, detention charges, missed vessels and production shutdowns due to the non-availability of raw materials.
Arshad warned the disruption poses “a serious risk of order cancelation of export orders by international buyers, which would have far-reaching consequences for Pakistan’s foreign exchange earnings.”
Meanwhile in Pakistan’s commercial hub Karachi, KCCI President Rehan Hanif issued an even stronger warning, saying the nationwide strike threatens to paralyze Pakistan’s economic lifeline.
“The complete suspension of cargo movement is pushing Pakistan toward an unprecedented trade and industrial crisis,” Hanif said in a statement.
He added that import and export consignments are now stranded at the city’s ports, highways and industrial zones.
