Pakistan Posts Current Account Surplus of USD 255mn in May’23
KARACHI: Pakistan posted a Current Account surplus of USD 255mn for the month of May’23 compared to a deficit of USD 1,506mn during May’22. This is the third consecutive monthly…
Pakistan to shift plant exports to online system
The Department of Plant Protection (DPP), Pakistan’s national plant protection organization, has announced that commercial exports of all items falling under its purview will be completely shifted to the Pakistan…
Business Leaders urge political parties, and all stakeholders to sit together for resolving the current political and economic crises
KARACHI: Taking cognizance of the current political crises prevalent in the country, leading Karachi based businessmen of Pakistan sat together to discuss the current volatile situation arising out of political…
Balance of Payments (BOP) Data March 2023
Exports and Imports of Goods & Services (Million US $ ) Goods & Services Summary Balance of Payments as per BPM6 – March 2023 Summary_BOP_BPM6
All duties must be collected through the banking channel, President KATI
KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank' removal of the condition of Cash Margin Restriction (CMR) on imported goods. He said that…
Pakistan Single Window (PSW) imposes fee of upto Rs1,000 and every GD
KARACHI: In compliance of SRO 1292 (I)/2021 issued by the Federal Government, a fee ranging Rs500 to Rs1,000 shall be charged on every Goods Declaration of Import (HC) and Export…
Top brass must get national priorities in order, fix ailing economy in sustainable manner: KCCI Chief
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, while highlighting the impact of unstoppable devaluation of Pakistani rupee against dollar, all-time highest inflation, warned that unsettled economic…
Martin Dow Group eyes Pakistan’s potential for manufacturing diagnostics equipment
Karachi: Martin Dow Group creates distinction for life – a long-standing adage that Martin Dow identifies with. Martin Dow Group is fully committed to standing strong with Pakistan for increasing…
Federal Budget: Rs800 billion allocated under Public Sector Development
KARACHI: Government has announced an amount of Rs 800 billion has been allocated for Federal Public Sector Development Program. In 2017-18 Federal Development Budget was Rs 1,000 billion. PSDP will…
JIAP Customs swing into action, seizes items banned recently
KARACHI:The officials of Pakistan Customs at Jinnah International Airport (JIAP), Karachi seized food stuff, fruits, Sanitary Ware, Used Mobile Phones and branded shoes brought allegedly under the garb of bona…
IPR South ensuring public health & safety by controlling trade of counterfeit products
IPR South ensuring public health & safety by controlling trade of counterfeit products: Under the SRO 768(0/2014 dated 18.08.2014, the Directorate General of Intellectual Property Rights Enforcement is mandated to…
SHC defers further proceedings in petition by ARA Chemcials FZE
KARACHI: A custom appellate bench of High Court of Sindh (SHC) allowed an adjournment request by Customs department regarding release of goods for exports. The bench was hearing a petition…
DP World & HashMove – Agreement to Integrate Terminal / Off-Dock Services
Karachi: Qasim International Container Terminal (DP World- Karachi) have signed an agreement to integrate Terminal Off-Dock and Logistics services with HashMove (a global multi-modal logistics platform) to facilitate the rapid…
Trade deficit keeps on widening despite much-trumpeted rise in exports Anjum Nisar for further enhancing exports, as import growth likely to jump further
As the country’s trade deficit has increased by almost 30% to $28 billion during 11 months (July-May) 2020-21, the FPCCI’s Businessmen Panel has asked the authorities to focus on further…
SHC dismiss SCRA’s by Custom Collector Exports at preliminary hearing
KARACHI: A Special Customs Reference Application (SCRAs) filed by Collector of Customs through Masooda Siraj Advocate against Haris Trading Co was dismissed at preliminary hearing. The applicant department challenged a…
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…
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…
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…
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…
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…