Latest Ministry of Commerce News & Updates

Islamabad, May 23 (IANS) The Balochistan province of Pakistan has long occupied a “paradoxical place” in the national imagination, often described as remote when its people demand rights but treated as central when strategic interests come into focus. It is frequently neglected in discussions on basic services and political autonomy, yet it becomes indispensable in debates on Gwadar port, the China-Pakistan Economic Corridor (CPEC) and regional connectivity.”Pakistan’s decision to open six land …

Phnom Penh, April 18 (IANS) Retail fuel prices in Cambodia have dropped further after Iran declared the opening of the Strait of Hormuz, the Ministry of Commerce said. In an announcement late on Friday (local time), the ministry said a litre of regular gasoline is now priced at 4,950 riels (1.24 US dollars) from this Saturday until the next notice, down 2.9 per cent from 5,100 riels (1.28 dollars) in the last three days.Diesel now costs 5,700 riels (1.42 dollars) per litre, down 10.9 per cent, t…

Phnom Penh, April 15 (IANS) Retail fuel prices in Cambodia have declined further after the United States and Iran agreed to a two-week ceasefire, the Ministry of Commerce said. In an announcement, the ministry said a litre of regular gasoline is priced at 5,100 riels (about 1.28 US dollars) from this Wednesday until the next notice, down 1.9 per cent from 5,200 riels (about 1.3 dollars) in the past five days.Diesel now costs 6,400 riels (about 1.6 dollars) per litre, down 7.24 per cent, while th…

Phnom Penh, April 4 (IANS) Diesel price in Cambodia has more than doubled since the outbreak of the Middle East conflict, the Ministry of Commerce said.In an announcement on Friday night, the ministry said a liter of diesel is now priced at 8,100 riels ($2.03), up 110 per cent from 3,850 riels ($0.96) at the end of February.Meanwhile, regular gasoline now costs 5,500 riels ($1.37) per liter, representing an increase of 42.8 per cent from 3,850 riels ($0.96) at February’s end, according to the an…

Phnom Penh, April 1 (IANS) Retail fuel prices in Cambodia continued to rise due to the escalation of the Middle East conflict, the Ministry of Commerce said.In an announcement on Tuesday midnight, the ministry said a liter of regular gasoline will cost 5,450 riels ($1.36) from Wednesday until the next notice, up 9 per cent from 5,000 riels ($1.25) in the past three days.Diesel will go for 7,500 riels ($1.88) per liter, up 4.16 per cent from 7,200 ($1.80) riels, the announcement added.Also, the p…

New Delhi, March 6 (IANS) Union Minister of Commerce and Industry Piyush Goyal on Friday said that education-as-a-service has the potential to contribute to India’s export earnings and help take high-quality Indian education to the rest of the world.Addressing the Vice Chancellors’ Conference on the theme “Reimagining Internationalisation of Higher Education for a Developed India 2047,” Goyal called for proactive engagement with vice chancellors to shape the future of higher education in India…

New Delhi, Jan 18 (IANS) The government’s Project Monitoring Group (PMG) is accelerating the implementation of large projects, currently monitoring more than 3,000 project worth over Rs 78 lakh crore, Commerce and Industry Minister Piyush Goyal said on Sunday.The Group has so far achieved 94 per cent resolution rate towards building world-class infrastructure.“Marching towards Viksit Bharat 2047 on the back of strong infrastructure growth. Embodying PM Narendra Modi’s vision of ‘Reform, Pe…

New Delhi, Jan 15 (IANS) India’s merchandise exports rose to $38.51 billion in December from $38.13 billion in November despite the uncertainties in the global market triggered by the US tariff turmoil and geopolitical tensions, according to data released by the Ministry of Commerce on Thursday.The government data showed December services exports were estimated at $35.50 billion and imports at $17.38 billion, suggesting a services trade surplus of $18.12 billion.However, merchandise imports rose…

New Delhi, Jan 8 (IANS) Japan has lodged a diplomatic protest over China’s operation of mobile drilling rigs in waters on the Chinese side of the Japan‑China median line in the East China Sea, according to its foreign ministry.The ministry confirmed the activity, believed to be exploratory drilling for a new gas field, after the Japan Coast Guard issued a navigation warning about the vessels’ movements.Tokyo said the protest was submitted through diplomatic channels last Friday. The incident…

New Delhi, Jan 8 (IANS) Tensions between China and Japan have escalated after Beijing signalled that it may restrict exports of rare earth materials to Japan, raising serious concerns among Japanese businesses and policymakers, a report has said.China’s Ministry of Commerce said it would ban the export of all “dual-use” items to Japan, citing national security reasons, according to The New York Times.These are products that can be used for both civilian and military purposes. While the off…