Cabinet okays trade pact with Mercosur

ISLAMABAD: The federal cabinet gave ex post facto approval on Tuesday and endorsed the signing of the Trade Framework Agreement between Pakistan and Mercosur, a South American trade bloc comprising Brazil, Argentina, Paraguay and Uruguay.

Presiding over the cabinet meeting, Prime Minister Shehbaz Sharif said the South American market could be advantageous for Pakistani products as it has yet to be explored. He instructed the authorities concerned to swiftly pursue the agreements and memorandums...