Ministry of Commerce Pakistan

Presented by Seetal Daas

Business Administration Part II(2k13)University of Sindh Laar Campus

Badin

OverviewMinistry of Commerce formed in 1973.GDP is $302 billion (PKR 29.7 trillion in 2014)GDP per capita is $1650.980 (2013)Rank of PPP is 26th throughout the worldExports $29.66 billion (est.2012)Main Exports USA 13.3%, China 10.9%, UAE

8.6% ,Afghanistan 8.5 %Main Imports China 19.8%, Saudi Arabia 12%, UAE 11.9%,

Kuwait 6.2%Exports goods (garments, cotton ,rice, leather goods, sports

goods, chemicals ,manufacturers, carpets, steel, foodstuff, fertilizer, Cement, sugar, animal, electrical equipment ,petroleum and rugs)

Public debt 62% of GDP(2013 est.)Revenues $ 29.51 billion (2012 est.)Expenses $ 44.19 billion (2012 est.)

Mission StatementContributing to the national economy through

trade liberalization & facilitation ,improving export competiveness and reducing cost of doing business.

Aim to achieve higher market access of Pakistani products in existing markets as well as new markets with ultimate aim of improving quality of life of the people of Pakistan.

Charter of the MinistryUnder the Rules of Business 1973, Commerce

Division is assigned the following functions; Imports & exports across custom frontiersExport promotionCommercial Intelligence and statisticsTariff policy & its implementation Anti-dumping duties, countervailing duties and safeguard laws inter- Provincial TradeDomestic Commerce Organization & control of Chambers and Trade associationsLaw of Insurance and regulation and control of Insurance

companiesAdministrative control of Attached Departments/OrganizationSelection of Trade Officers for posting in Pakistan’s Mission

abroad

Objectives of Trade Policy Poverty alleviation and employment generation through

export led growth.

Supply Side:Value addition and higher Unit Value(e.g.Yam-Fabric-textile

Chain)Coordination for improvement of InfrastructureImproving competitiveness through reduction in cost of

doing businessFacilitating investment in manufacturing sector.

Marketing:Focus on Export Marketing Better commercial intelligenceTrade diplomacy/Market accessDiversification of export products and markets

Organization’s FunctionsAdministration: Administrative, financial and budgetary affairs of main Ministry and

affiliated organizations, trade offices abroad and administration of Commerce and Trade Group. PAC/DAC meetings, Insurance & related matters for all the organizations of the Ministry. Administration of three Governments owned insurance companies i.e. 1) State Life Insurance Corporation of Pakistan, 2) National Insurance Company Limited, 3) Pakistan Reinsurance Company Limited and dispensation of policy as well as legislative/ legal direction.

Foreign Trade: Trade diplomacy and market access initiatives.

WTO: Multilateral trade negotiations and compatibility of domestic laws with

WTO laws.

Import Wing: Formulation of Trade Policy in conjunction with other wings.

Implementation of import policy initiatives.

Organization’s function (continued)

Exports wing: Formulation and Implementation of annual Trade Policy, jointly

with the Imports Wing. Implementation of Export policy initiatives. TCP Affairs.

ITO wing: Formulating, processing and monitoring of development projects

of Ministry and affiliated organizations. Tabulations of Trade Statistics and Analysis based thereon.

Trade organization wing: Registration, Monitoring and Supervision of all Trade Bodies in

the country under the Trade Organization Law of 2007. Local trade fairs and exhibitions.

Trade Agreements

Pak-Afghanistan Trade Pak-Iran Preferential Trade Pak-America Trade

Pak-Malaysia Trade Pak-Mauritius Preferential Trade Pak-UAE Trade

Pak-China Trade Pak-Indonesia Preferential Trade Pak-Saudi Arabia Trade

Pak-Srilanka Trade Pak-Kuwait Trade Pak-Asian Trade