Government imposes additional customs duty up to 7.0 percent
KARACHI: The Federal government has levied additional Customs duty on import of goods specified in the First Schedule of Customs Act, 1969. The rate of additional customs duty will be…
RD to continue on wet blue leather, copper and lead scrap
KARACHI: The Ministry of Finance vide SRO 675(I)/2019 has extended the imposition of Regulatory Duty (RD) on the import of molasses; wet blue hides and skin; copper scrap/waste; scrap of…
Clearance of raw materials allowed through any port/dry port in the country
KARACHI: The Ministry of Finance (Revenue Division) has notified that from July 01, 2019, the clearance of inputs (raw material, sub-components, components, sub-assemblies and assemblies) shall be allowed through any…
Regulatory Duty up to 90 percent imposed on 589 products
KARACHI: The Ministry of Finance (Revenue Division) has notified upto 90 percent Regulatory Duty (RD) on 589 importable products, while RD of Rs3,000/minute is imposed on the import of Cinematographic…
FBR allows re-export of materials/equipment imported for Gwadar Port and Free Zone
KARACHI: The Federal Board of Revenue (FBR) has allowed re-export materials and equipments, not manufactured locally, if imported for Construction and Operation of Gwadar Port and development of Free Zone…
Holistic approach needed to protect road network, environment
KARACHI: Pakistan can save billions of dollars in oil import bill by gradually moving to railroads. According to Association of American Railroads (AAR), if just 10% of the freight moved…
Ministry of Commerce tightens conditions for edible imports
KARACHI: All food items imported from other countries need to have at least 66 percent of the shelf-life, as the Ministry of Commerce has notified ban on import of all…
Pakistan equities decline 3.5% amid economic uncertainty
KARACHI: Pakistan Stock Exchange (PSX) ended another stressful week (and an equally stressful financial year) in the red as benchmark KSE-100 index closed the week ended June 28, 2019 at…