Ever wonder what are the top products that Pakistan exports. Pakistan is the land of many natural resources and its land provides amazing products. Pakistan has many bilateral and multilateral trade agreements with many countries and also the member of the World Trade Organization. Every country has its own unique products and due to these…
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KARACHI: The Pakistan Jute Mills Association (PJMA) has demanded the government to provide ample opportunities to jute industrial sector enabling the industry to increase export and earn handsome foreign exchange. “Currently, the export of the produce stands at around $21 million that can be increased by 50 percent by mitigating the import of raw material…
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ISLAMABAD: A mini-budget is being deliberated upon by the top economic ministries as various plans are under consideration which includes raising additional customs duty by 1 percent on all imported items. Alternatively, a plan to increase Regulatory Duty (RD) on 1,550 items is being considered to rein in import bill, reported The News. According to…
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KARACHI: Food imports caused a capital flight of $6.185 billion from the country during the last fiscal year of 2017/18, weighing down the fragile external account in the agriculture country. Pakistan Bureau of Statistics (PBS) data on Friday showed that food imports marginally rose 0.68 percent from $6.143 billion in the previous fiscal year of…
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LAHORE: The steel sector once again has raised prices by 8 percent, which is the fourth of its kind since February 2018, industry sources confirmed. Speaking to Pakistan Today, sources confirmed that the latest price increase was a step to cushion the blow from the recent cost increase through the Rupee devaluation. Sources did not rule…
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ISLAMABAD: The Ministry of National Health Services, Regulations & Coordination has once again requested the Federal Board of Revenue (FBR) chairperson to do away with three-tier taxation on tobacco products which has resulted in the increase in tobacco usage in the country. Capt (R) Zahid Saeed, Secretary, Ministry of NHSR&C, in a letter written to…
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Energy firms led a sell-off in most Asian equity markets on Tuesday a day after supply fears sent oil prices plunging, while confidence remains fragile owing to ongoing fears of a global trade war. After hitting three-and-a-half-year highs at the start of the month, crude has dropped almost 10 percent as it is hit by…
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The State Bank of Pakistan (SBP) said Pakistani manufacturers should penetrate aggressively in the global synthetics products market which has long surpassed the cotton market. Though starting late, Pakistan’s exporters can still sail through if allowed to access essential raw materials at competitive prices. The Central Bank said the local industry would benefit and tariff-based…
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KARACHI: In a bid to reduce pressure on the forex reserves, the State Bank of Pakistan (SBP) on Monday has imposed 100 percent cash margin requirement on the import of another 131 non-essential consumer items. In 2017, the Central Bank had imposed a 100 percent cash margin requirement on the import of some 404 items as…
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KARACHI: Malaysia sees the China-Pakistan Economic Corridor as a big opportunity for the South Asian region, especially for Pakistan. “We can partner with Pakistan in potential projects in various sectors if invited. Malaysia has extended big support to Pakistan in education. At present, 1600 Pakistani students were studying there in different faculties. There is a big scope for…
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