SHC seek comments from Ministry of Commerce in fix duty case

KARACHI: Hearing a number of identical petitions pertaining to release of vintage cars against fixed custom duty of US $ 5000, a customs appellate bench of High Court of Sindh (SHC) sought comments from Ministry of Commerce. Adnan Saeed-uz-Zaman Siddqui advocate appeared for one of the petitioners  and said government… Continue reading

Awareness Seminar on CPFTA-Phase II held in Lahore

Lahore: The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) organized an awareness seminar on the second phase of China Pakistan Free Trade Agreement, on 21 st of January, 2020 at Pearl Continental Hotel, Lahore. The seminar is one of the many from a series of seminars being… Continue reading

Seminar on commencement of 2nd Phase of CPFTA

The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) organized in Karachi, the first of the series of countrywide seminars  for apprising the business community of the business and export opportunities arising out of the second phase of China Pakistan Free Trade Agreement, which has become operational from… Continue reading

SHC orders ware housing of Solar Panels Commerce Ministry, Chairman FBR already on notice

KARACHI: A customs appellate bench of High Court of Sindh ordered ware housing of a consignment of solar panels as respondent Pakistan Customs sought time to file comments. The bench on a previous hearing had issued notices to the Ministry of Commerce as well as Chairman, Federal Board of Revenue… Continue reading

SHC issue notices to Commerce Ministry, Chairman FBR, petition in solar panels import case

KARACHI: A  customs appellate bench of High Court of Sindh ordered issuance of notices to the  Ministry of Commerce as well as Chairman, Federal Board of Revenue and other respondents in a petition filed by Zulfiqar Traders, importers of solar panels. The bench comprising Justice Muhammad Shafi Siddiqui and Justice… Continue reading

Ministry of Commerce re-imposes ban on import of used machinery

KARACHI: The Ministry of Commerce has re-imposed the ban on import of a long range of used and second hand machinery, a ban which was lifted vide SRO No.1528(I)/2018 dated December 24, 2018. Ministry of Commerce issued SRO No. 16(I)/2019 on January 03, 2018 re-imposing the ban on import of… Continue reading

Ministry of Commerce framing policy to develop e-commerce

KARACHI: Cognizant of the global developments in digital trade, Ministry of Commerce is finalizing a policy framework for development of e-commerce or digital trade in the country, the Economic Survey of Pakistan 2017-18 notes. The framework is being developed to deal with regulatory regime, payment infrastructure, logistics and taxation issues… Continue reading

APTMA seeks zero rated import of hydrogen peroxide

KARACHI: All Pakistan Textile Processing Mills Association (APTPMA) has approached Ministry of Commerce seeking permission to import Hydrogen Peroxide for textile industrial use on zero rated duty till time local supply is back to normal. Textile processors, the backbone of value added textiles exports, are one of the major consumers… Continue reading

Government losing revenue as clearance of spices, dry fruits stopped

KARACHI: Government is losing revenue to the tune of billions of rupees as hundreds of containers of spices, betel nuts, dry fruits and other edibles are stuck at ports waiting clearance after Ministry of Commerce vide SRO. 1067(I)/2018 added several safety health and procedural requirements in the Import Policy Order…. Continue reading

Trucks load of fruit/dry fruit stuck at Pak-Afghan border

KARACHI: Over 150 containers of fruits and dry fruits are stuck at Pakistan-Afghanistan border of Chaman and Torkham as Import Policy Order (IPO) bars entry of fruits/dry fruits into the country without PPRO (Quarantine) certification. Traders said the trucks were stuck for the last five days and if the issue… Continue reading