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FBR mulls enlarging scope of speculative business

KARACHI: Federal Board of Revenue (FBR) is mulling enlarging the scope of speculative business from next fiscal year to prevent the revenue leakage, arising out of the transfer of...

.PITF 2017 to help boost trade with friendly countries

KARACHI -  President Mamnoon Hussain has said that Pakistan International Trade Fair (PITF 2017) will provide excellent opportunities for progress and improvement of industry and commerce. The president further said...

CPEC project: Pakistan, China agree to fast-track industrial Cooperation

ISLAMABAD: Pakistan and China on Tuesday agreed to fast track the industrial cooperation under China-Pakistan Economic Corridor (CPEC) project to accrue maximum benefits of this important phase and ensure...

Cotton prices firm on strong buying by mills

KARACHI: Prices maintained firm posture on the cotton market on Tuesday in the process of hectic trading, dealers said. The official spot rate was unchanged at Rs 6100, they said....

Turkey deputy minister for trade visits PBIT

PR LAHORE - A high level Turkish delegation led by Deputy Minister for Trade, Industry and Technology, Hasan Ali Celek and other prominent members of TUMSIAD (All Industrialists and...

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 227,423 tonnes of cargo comprising 205,828 tonnes of import cargo and 21,595 tonnes of export cargo including 7,489 loaded and empty containers during the...

LCCI seeks incentives package for trade and industry

LAHORE-The Lahore Chamber of Commerce and Industry has demanded of the government to announce incentives package for corona-hit businesses for the sake of an early economic revival. LCCI President...

FPCCI delegation leaves for China

headed by Vice President Ch. Arfan Yousaf on Wednesday left for a 10-day visit to China to bolster bilateral trade and explore untapped trade opportunities between the two countries....

Govt leaves new trade policy for next setup

ISLAMABAD  - The incumbent government has decided not to announce the new five years trade policy and leave the matter for the next government. The Strategic Trade Policy 2016-18 would expire...

CCAC to revise cotton production estimates to 12.9m bales

ISLAMABAD: The Cotton Crop Assessment Committee (CCAC) is likely to revise upward cotton production estimates to 12.9 million bales for the current season (2017-18) after good arrival of the...

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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...