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....
Textile and leather: FBR reduces ST on imported finished goods/articles
The Federal Board of Revenue (FBR) has reduced sales tax on imported finished goods/articles of textile and leather from 17% along with 2% value addition sales tax to 6...
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 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...
Govt working on new initiatives to up exports
KARACHI - Federal Secretary for Commerce Muhammad Younas Dagha on Wednesday assured exporters that the government was working on various new initiatives for promoting exports that include extending maximum...
Punjab APTMA seeks announcement of new textile policy
LAHORE: The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Abdul Rahim Nasir has urged the government to announce the new textile policy forthwith to attract new investment to...
Import duty on small tractors (NA body to take up issue with ministry)
ISLAMAMAD: A meeting of the sub-committee of the National Assembly on Agricultural Products decided that it would take up the issue of import duty on small tractors not being...
Sterling to acquire Baker Hughes’s chemicals facility
Sterling Auxiliaries and its parent company, Artek Surfin Chemicals, a producer of specialty chemicals, are set to acquire the land and assets associated with Baker Hughes’ Sand Springs, Oklahoma,...
FBR faces Rs47b shortfall in July-October
ISLAMABAD - The Federal Board of Revenue (FBR) has faced tax collection shortfall of Rs47 billion during first four months (July-October) of the current financial year.
The FBR has provisionally...
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...