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Trade deficit surges 19.5pc in September

ISLAMABAD: Pakistan`s trade deficit widened by 19.49 per cent to $2.391 billion in September, compared to $2.001bn during the same month last year, data released by the Pakistan Bureau...

Business confidence improves: OICCI

KARACHI: Overseas Investors Chamber of Commerce and Industry`s (OICCI) latest business confidence index (BCI) has shown significant improvement of 8 per cent, and stood at 21pc, positive. After two consecutive...

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 174,634 tonnes of cargo comprising 142,687 tonnes of import cargo and 31,947 tonnes of export cargo including 8,983 loaded and empty containers during the...

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...

Upward Trend Seen in Cotton Prices

At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and...

LCCI for extension in returns filing date

LAHORE -  The Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Board of Revenue (FBR) to extend the date for filing of income tax returns till...

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, particularly in sector 23, within...

Cotton prices hit season’s high

KARACHI: Cotton prices hit season’s high as buyers remained in forefront on the local market on Wednesday, dealers said. The official spot rate was higher by Rs 50 to Rs...

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...

Govt takes non-tariff steps to curb imports

ISLAMABAD: The government on Friday stepped up its efforts to discourage imports by linking clearances of goods with compliance to stringent regulations. The new regulations will also apply to imports...

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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...