Tag: import
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Export industry is one of the highest priorities of govt: Ishaq Dar
Federal Minister for Finance and Revenue Ishaq Dar on Monday said that the government will make it easier for all exporters to import the raw materials, components, and accessories they need to meet their demands, including five previously zero-rated export-oriented sectors. “Export industry is one of the highest priority of our government,” the minister wrote…
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Russian delegation will visit Pakistan tomorrow to discuss long-term oil and gas deal
The much-touted $3 billion Pakistan Stream Gas Pipeline (PSGP) project, as well as a long-term trade agreement for oil and liquefied natural gas (LNG), will be the topics of bilateral negotiations between Pakistan and a Russian delegation that will arrive tomorrow. The team, which consists of 80 personnel, will land in Pakistan on Tuesday for…
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SBP-held foreign exchange reserves dropped to 9-year low of $4.34 billion
State Bank of Pakistan held foreign exchange reserves drop to nine year low.
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SBP to lift import restrictions next week
The government has lifted import restrictions on commodities intended for vehicle manufacturing, mobile production, solar power equipment, and nuclear reactors for power generation projects commencing in 2023, despite Pakistan’s limited foreign exchange reserves.
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Yamaha Pakistan increases bike prices by up to Rs13,500 due to an increase in production costs
Yamaha Motor Pakistan on Tuesday announced an increase in the prices of its overall motorcycle lineup owing to an increase in production costs.
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Landa Bazar traders threaten to close shops due to increased taxes on imported products
Shop owners at Landa Bazaar Karachi threaten to close shops in protest of the hike in import tariffs.
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Suzuki announces free registration for Wagon R amid sales slump, production issues
Suzuki Wagon R purchasers can now benefit from a free registration offer on the purchase of an auto gear shit (AGS) variant.
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Exports from Pakistan witness 35.7% increase in first four months of FY23
According to data from the Pakistan Bureau of Statistics (PBS), exports from Pakistan increased by 35.77 per cent in rupee terms during the first four months of the current fiscal year (2022-23) compared to the same time previous year. According to Geo, exports from July through October (2022-23) were Rs2,131,776 million, up from Rs1,570,136 in…
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Pakistan imported tea worth $192.474 million during 4MFY23
In comparison to the same month last year, tea imports increased by 2.21 per cent during the first four months of the current fiscal year, APP has reported. Tea imports from July-October (2022-23) were recorded at $192.474 million against imports of $188.304 million from July-October (2021-22), according to data from Pakistan Bureau of Statistics (PBS).…
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Pakistan’s current account deficit decreases by 68% due to marginal increase in exports
According to statistics provided by the State Bank of Pakistan (SBP) on Monday, the current account deficit decreased 68.13 per cent year over year to $0.57 billion in October. In comparison to September, when it stood at $0.36 billion, the deficit jumped by 56.2 per cent, reaching its highest level since April 2021. According to…