UN-ACCEPTABLE DELAY BEING OBSERVED IN CLEARANCE OF IMPORTS & EXPORT CONSIGNMENTS DUE TO ACUTE SHORTAGE OF STAFF AT ALL COLLECTORATES

MCC APPRAISEMENT EAST/WEST, PORT QASIM, AIR FREIGHT UNIT AND MCC-EXPORTS KARACHI & PORT QASIM. The Karachi Customs Agents Association has already informed the collectorates of Customs regarding the alarming situation that has been created due to shortage of staff for clearance of consignments at custom stations i.e. Model Customs Collectorate… Continue reading

SBP Modernizes Foreign Exchange Regulations to facilitate Start-ups, Fintechs and Exports

State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups;  support exports by facilitating exporters… Continue reading

Trade cannot be one way; Pakistan needs to focus on improving exports to Switzerland: Envoy

KARACHI: Ambassador of Switzerland Bénédict de Cerjat has said that although trade balance between Pakistan and Switzerland was largely in favor of his country but the trade cannot be one way as it works well when everybody earns profits therefore, Pakistan needs to focus more on improving its exports to… Continue reading

Ishrat Hussain for diversifying exports, capturing just 1 pc of Chinese market to improve Pak exports by $23 billion

KARACHI: Advisor to Prime Minister on Institutional Reforms and Austerity Dr. Ishrat Hussain has stressed that Pakistan, instead of staying confined to exporting textiles only, needs to diversify its exports and move towards the sunrise industries for which the global demand is expanding in double digits otherwise we will remain… Continue reading

PRGMEA, PHMA finalize presentation for PM to accelerate exports growth

The Pakistan’s two major value-added export-oriented bodies of the apparel sector have welcomed Prime Minister Imran Khan’s visit to Sialkot on Dec 9, saying the plan indicates that the government accords great importance to business community and making full efforts to boost economic growth in the country. PRGMEA Central Chairman… Continue reading

Customs e-commerce clearance facility to support exports in post-corona era

PRGMEA chief asks govt to also launch Digital Market Policy in consultation with stakeholders. The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday appreciated the efforts of Pakistan Customs to develop an e-commerce automated clearance facility in collaboration with the State Bank, saying the move will prove to… Continue reading

Construction package yields results as industrial sector expanding

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar has said that the industrial sector in Pakistan has been expanding owing to encouraging policies and good initiatives of the present regime, as the construction package has started giving results while the CPEC second round is… Continue reading

KCCI initiates series of webinars with Pakistani diplomats abroad Pakistan’s CG in Shanghai underscores need to focus on value addition

KARACHI: Pakistan’s Consul General in Shanghai Hussain Haider has emphasized that in order to increase Pakistan’s exports to China, the business and industrial community will have to focus on the value addition as it has been observed that raw materials and less value-added products were typically being exported to China… Continue reading

New Textile Policy aims $25.3bn textile exports by 2025

ISLAMABAD: The draft of Pakistan Textile Policy for 2020-25 aims to increase the country’s textile exports by 2025 to $25.3 billion and $50 billion by 2030, The News reported. The Pakistan Textile Policy draft also narrates a clear roadmap to achieve the textile export targets along with vision to fully… Continue reading

Containers start piling up at Pakistan ports as transporters’ strike continues

KARACHI: In addition to hurting industrial activity and export shipments, containers have started piling up at the ports, as incoming vessels are continuously offloading the cargo, whereas removal of these consignments stopped completely on Thursday. “I must say, the strike actually began today (Thursday), as the cargo was still being… Continue reading