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Imports up 0.56pc(Jul-Sept exports down 0.94pc YoY)

ISLAMABAD: The country’s exports during July-September 2020 as compared with the same period of the last year have witnessed a decline of 0.94 percent, ie, from $5.51 billon to...

Govt must pare down trade deficit

It is good to see that some of the government departments are seriously mulling taking measures that could narrow the trade deficit that has emerged as the sore point...

FBR offers advance ruling facility to importers

ISLAMABAD: The Federal Board of Revenue (FBR) has offered facility of advance ruling to importers for classification of goods, determination of origin of the goods under bilateral/multilateral agreements, and...

FCCI slams FBR for its new condition of levying more tax

FAISALABAD: Sheikh Farooq Yusuf acting President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the suspension of major condition of the SRO 1125(I) 2011 which has made levy...

PSQCA offers China to harmonise industrial standards

ISLAMABAD - Pakistan Standard and Quality Control Authority PSQCA has offered its cooperation to China in forming standards to harmonize industrial standards in the region. According to officials, PSQCA Director...

US urged to include textile, leather in GSP scheme

KARACHI: Pakistan and the United States need to focus on improving bilateral relation particularly in areas of economy and trade as there exists a lot of scope and opportunities...

Asia Dyestuff Industry Federation formed from 7 Asian countries including Pakistan

Asia Dyestuff Industry Federation formed from 7 Asian countries including Pakistan

`Cutting cost must for successful regional trade

ISLAMABAD: The trade outlook for the Asia-Pacific region is positive for this year but some uncertainties are forecast for 2018, the United Nations Economic and Social Commission for Asia...

FBR tightens rules to check superfluous imports

KARACHI: The Federal Board of Revenue (FBR) has tightened its clearance regulations to check unnecessary imports that cause a spread in trade deficit, officials said on Thursday. The officials said...

Exports register 15pc growth

ISLAMABAD: Exports grew nearly 15 per cent year-on-year in December 2017, raising hopes about a revival in the overseas sales of Pakistani goods. The upward trend in exports will contribute...

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KW&SB MD directs resolution of Korangi industrial area issues

KARACHI: Karachi Water & Sewerage Board (KW&SB) managing director Asadullah Khan has directed to resolve all sewerage water related issues in Korangi Industrial Area,...

Importers found concealing financials to evade taxes

KARACHI: The Federal Board of Revenue (FBR) has found importers involved in concealment of their financial transactions to evade taxes, a tax official said...

Trade deficit widens to $5.8bln in July-Sept

ISLAMABAD: Trade deficit widened two percent to $5.8 billion in the first quarter of the current fiscal year of 2020/21 as both exports and...