The Commercial Section is an attached department, and a representativeoffice of the Ministry of Commerce. They work in close coordination with the Trade Development Authority of Pakistan and Chamber of Commerce and Association in Pakistan. The Commercial Section is responsible for promotion/facilitation of exports in Pakistan, including investment of Pakistani and bilateral trade. Their area of jurisdiction includes Illinois, Wisconsin, Indiana, Missouri, Iowa, Minnesota, Ohio, Michigan, North Dakota, South Dakota, Nebraska, Kansas, Tennessee, Kentucky.
We also offer business to business networking services for international trade and investment practitioners.
Investment Policies of Pakistan
Pakistan’s Investment Policy intends to create an investor friendly environment with a focus on opening the economy and marketing the potential for direct foreign investment. The goal of the policy is to strengthen Pakistan’s competitiveness by improving policy regime, offering both fiscal and tariff relief, and providing comprehensive facilitation services.
For more info www.pakboi.gov.pk
Foreign Exchange Remittance Card (FERC)
The Foreign Exchange Remittance Card was launched by the Ministry of Finance through OPF in September 2001. The goal was to encourage remittances by Overseas Pakistanis through normal banking channels. Originally, Gold and Silver cards were offered to Pakistanis overseas who were remitting US$10,000 and US$2,500 a year.
The benefits offered to them include:
- Separate Counters for handling at arrival and departure lounges at airports, and Free issuance and renewal of passport on an urgent basis.
- For further information please visit web site of OPF :www.opf.org.pk
Personal Baggage/Car Gift/Transfer of Residence Rules: visit www.cbr.gov.pk and click on Customs Section. >> Procurement of Consultancy Services to Conduct transport Modeling and Feasibility Study for Mass Transit System in Rawalpindi and Islamabad Auction of CDA commercial Plots View Prime Minister’s Small Business Loan Scheme View
Contact Commercial Section:
333 N. Michigan Ave. Suite 921 Chicago, IL 60601
Mr. Amer Sultan, Commercial Counselor
Trade Development Officer