Professional Documents
Culture Documents
What Is Commerce: Definition & Importance of Commerce
What Is Commerce: Definition & Importance of Commerce
What Is Commerce: Definition & Importance of Commerce
Definition
The sale, purchase
and exchange of goods or serivices, especially on a large scale
between different countries (foreign commerce) or between
different parts of the same country (domestic commerce).
Ministry of Commerce
Mission of Ministry of Commerce
We envision Pakistan that will have higher standards of living higher
incomes greater jobs opportunities and good quality, afford housing.
Woman entrepreneur
Women are increasingly making their presence felt in business activities. The
Chamber has established a separate Standing Committee where women
entrepreneurs get an opportunity to meet and discuss matters of relevance.
The Department functions as the secretariat for these activities and
coordinates with the relevant governmental agencies and departments.
Membership
FPCCI has under its umbrella, 60 Chambers of Commerce and Industry, 17
Women’s Chambers of Commerce & Industry, 9 Chambers of Small Traders,
140 All Pakistan Trade Associations, representing Industry, Trade and
Service sectors across Pakistan
Community chambers
Community chambers of commerce started] in the Pakistan and later spread to in the
Pakistan, becoming city chambers of commerce as communities developed and became
larger. Community chambers of commerce are smaller and most ] have a limits on
numbers of members.
China Pakistan Economic Corridor is hope of better region of the future with
peace, development and growth of economy.
Vision
To improve the lives of people of Pakistan and China by building an economic
corridor promoting bilateral connectivity, construction, explore potential
bilateral investment, economic and trade, logistics and people to people
contact for regional connectivity. Transport & IT systems including Road, Rail,
Port, Air and Data Communication Channels Agricultural development &
poverty alleviation
Tourism cooperation & people to people communication
Visualization
Pakistan is the 54th largest export economy in the world. In 2016, Pakistan
exported $20.5B and imported $45.9B, resulting in a negative trade balance of
$25.5B. In 2016 the GDP of Pakistan was $283B and its GDP per capita was
$5.25k.
The top exports of Pakistan are House Linens ($2.99B), Rice ($1.7B), Non-Knit
Men's Suits ($1.48B), Non-Retail Pure Cotton Yarn ($1.18B) and Heavy Pure
Woven Cotton ($936M), using the 1992 revision of the HS (Harmonized System)
classification. Its top imports are Refined Petroleum ($5.74B), Crude Petroleum
($1.98B), Palm Oil ($1.7B), Petroleum Gas ($1.06B) and Cars ($1B).
The top export destinations of Pakistan are the United States ($3.43B), China
($1.59B), the United Kingdom ($1.56B), Afghanistan ($1.37B) and Germany
($1.19B). The top import origins are China ($17.2B), the United States ($2.11B),
Indonesia ($2.02B), Japan ($1.93B) and India ($1.59B).
Pakistan borders Afghanistan, China, India and Iran by land and Africa
Export of Pakistan
Pakistan's exports for the year 2015-2016 stood at US$ 21 Billion. And imports
were at US$ 44.76 billion for the same period. [4]
In the past increased more than 100% from $7.5 billion in 1999 to stand at $18
billion in the financial year 2007-2008.[5][6] Pakistan's exports increased more than
100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007-
2008.[5][7]
Pakistan exports rice, kinnows, mangoes, furniture, cotton
fiber, cement, tiles, marble, textiles, clothing, leather goods, sports goods
(renowned for footballs/soccer balls), cutlery, surgical instruments,
electrical appliances, software, carpets, rugs, ice cream, livestock
meat, chicken, powdered milk, wheat, seafood (especially
shrimp/prawns), vegetables, processed food items, Pakistani-
assembled Suzuki’s (to Afghanistan and other countries), defense equipment
(submarines, tanks, radars), salt, onyx, engineering goods, and many other
items. Pakistan produces and exports cements to Asia and the Middle East. In
August 2007, Pakistan started exporting cement to India to fill in the shortage
there caused by the building boom.[8] Russia is a growing market for Pakistani
exporters. In 2009/2010 the export target of Pakistan was US $20 billion. [9] As of
April 2015, Pakistan's exports stand at US $29 billion.