News

Pakistan becomes head of the World Trade Organization’s Trade & Development committee

Pakistan has been elected to lead the Committee on Trade & Development (CTD) of the World Trade Organisation for 2021. The announcement was made by the adviser on Commerce Razaq Dawood in a tweet today

Razaq Dawood also said that under Pakistan’s capable leadership, the committee would do its best to expand trade and investment by creating new opportunities in developing countries.

Established in 1965, the committee on trade and development (CTD) coordinates the WTO’s development efforts and resolves a wide range of trade-related issues that developing countries are facing. The CTD does so through Technical assistance programs and special and differential treatment provisions. As a major part of the WTO, it is responsible for much of the organization’s initiatives to boost developing countries’ progress.

Afghanistan’s Mohammad Qurban currently chairs the CTD, but Pakistan’s election to the chair will pave the way for Pakistan to play a greater role in developing the region. The news comes in the wake of rising exports and a greater contribution of Pakistan’s youth in IT exports thanks to development initiatives.

Sponsored
Ahsan Zafeer

A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer

Leave a Comment
Share
Published by
Ahsan Zafeer
Tags: Trade

Recent Posts

Pakistani Passport Continues to Rank Among the Worst in the World

According to the most recent Henley Passport Index, Pakistan's passport is still one of the…

7 hours ago

November 9 Approaches: Will Iqbal Day Be a Public Holiday This Year?

As Iqbal Day approaches on November 9, Pakistan prepares to honor Allama Iqbal, the celebrated…

7 hours ago

Most Wanted Human Trafficker Taken Into Custody

GUJRAT: According to the Gujrat circle of the Federal Investigation Agency (FIA), they have arrested…

8 hours ago

Air Sial Starts Weekly Flights from Islamabad to Riyadh

Air Sial, one of Pakistan's leading private airlines, has officially launched its weekly flights from…

9 hours ago

Important Update on Profit Rates for Savings Schemes 

On Friday, the government stated that from November 4th, 2024, profit rates on National Savings…

10 hours ago

Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?

The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed…

11 hours ago