BALANCED AND EQUITABLE FTA BETWEEN PAKISTAN AND TURKEY URGED

(Karachi) The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Union of Chambers and Commodity Exchange of Turkey (TOBB) has urged upon the Governments to foster the process of signing equitable and balanced Free Trade Agreement (FTA) to unleash enormous potential available markets. This was transpired in a… Continue reading

FPCCI appreciates signing of SEF between Pakistan and Turkey

KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) appreciated the efforts of Government of Pakistan and Turkey to enter into Strategic Economic Framework (SEF) for enhancement of bilateral relations in trade, tourism, healthcare, hospitality, industry, education, housing, agriculture, aviation and banking…. Continue reading

MCC Port Qasim redistribute work among officers/officials

KARACHI: Collector MCC Port Qasim Chaudry Javaid has notified transfers and postings of Deputy-Assistant Collectors and Principal Appraisers within the Collectorate. [the_ad id=”31605″]Accordingly, Deputy Collector Amjad Hussain Rajpar is moved from Group-VI, One Customs (Proc/Exam), Bulk (Proc/Exam), Adjudication (AC/DC) level and ADRC to Headquarters/Admin/MIS/User IDs, Revenue Analysis, Refund, CIU, Group-IV… Continue reading

Exporters reluctant to take interest in Pakistani markets due to overnight imposition of RDs

KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while highlighting some the obstacles in way of smooth trade between Pakistan and Sri Lanka, particularly mentioned that the imposition of Regulatory Duties by Pakistani authorities have terribly affected Sri Lankan exports to Pakistan. “Because of overnight imposition of RDs, Sri… Continue reading

Need stressed to further ties between business communities of Karachi, Brazil

KARACHI: Consul of Brazil Omer Jaffer has said that trade between Pakistan and Brazil has picked up pace but more efforts along with concrete steps have to be taken to further ties between the business communities of Karachi and Brazil. Speaking at a meeting during his visit to Karachi Chamber… Continue reading

Customs all set to implement electronic data exchange with China

KARACHI: Pakistan Customs is all set to implement electronic origin data exchange under China-Pakistan free trade agreement (FTA), which would enable real time recording of trade between the two countries and help curb revenue evasion as well as money laundering. Directorate General of Reforms & Automation – Customs has developed… Continue reading

Reduction in import duties on MDF demanded by of value addition industries and importers of MDF

The importers of Raw Medium Density Fiberboard (MDF) have demanded from the government to reduce the import duty on raw MDF from 17 per cent to 5 per cent to protect commercial importers who are selling this imported product to small workshops, carpenters, joineries, and the value-addition industry of Pakistan…. Continue reading

SHC issue notices in suit by shoe importer for July 28

KARACHI An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed issued in asuit filed by a shoe importing company seeking exemption under Free Trade Agreement (FTA) between Pakistan and China. The bench earlier heard Ghulamullah Shaikh advocate of Franklin Law Associates representing Siraj… Continue reading

Shoe importer files suit, seeks exemption under FTA, hearing today

KARACHI: An appellate bench of High Court of Sindh (SHC) will hear a suit filed by a shoe importing company seeking exemption under Free Trade Agreement (FTA) between Pakistan and China. According to Ghulamullah Shaikh advocate of Franklin Law Associates representing Siraj Footwear Company (pvt) Limited, a consignment of shoe… Continue reading

Customs seizes PTCL’s equipment

KARACHI: Directorate of Customs Intelligence & Investigation Rawalpindi has seized equipment imported by Pakistan Telecom Company (PTCL) as the company attempted to avail inadmissible benefit of FTA through mis-declaration. The equipment was seized at AFU Islamabad. PTCL tried to evade duty and taxes by declaring equipment as finished products in… Continue reading