In 2019, the total US imports and exports were $5.6 billion, which was $3.1 trillion in imports and $2.5 trillion in exports of services and goods. The US imports more than it exports to other countries. US has major trade partnerships with many countries like Europe, China, Canada, UK, Japan, Germany, Mexico, South Korea, Vietnam,…
Tax collection is very important to run the economy of the country that’s why every business needs to have a sales tax registration number. You cannot file a sales tax return if you don’t have a sales tax registration certificate. You can register the sales tax number with the FBR (Federal Board of Revenue). After the…
To file GD in WeBOC account is compulsory in the import export business. WeBOC is a great platform provided by the FBR to facilitate traders, agents, and customs officers. WeBOC has made the GD filling process fast and simple, and the container tracking very easy. The manual method of filling GD is no longer working.…
Many traders import electronics from China to Pakistan on a large scale. Almost every electronic equipment we use is imported from China. China manufactures from low to high-quality electronic goods. It is up to you what quality you want. Electronics have a great profit margin, and it offers a wide range of products to choose…
Importing business is a good business idea, in this business the margin is very high. People earn good money from this business. China is a big country which makes lots of products in different categories. Most of the people import products from China because from they can buy the product at cheap rates. Big companies…
An import export business plan is very important for the prosperity of the trading business. The plan keeps you on track and helps you meet your goals. Starting a business is not that difficult, but making it successful is. You can start import export business from any industry, but make sure you know a lot…
Starting a shipping company requires a lot of hard work and hard money of course. To start a shipping company you will need a lot of hard cash, to be precise more than $200 million of course. Why start a shipping company? We live in a universal society where goods and products are the most…
Start import and export business in Pakistan. Many people want to start a business but don’t know where to start and if they do know how to start, they can’t decide what type of business to start. The import and export business is good in Pakistan and its growing very fast. Keep on reading and…
How to Start Import Export Business in Pakistan Step By Step Guide Let’s start with the brief info on import and export. In simple words import is the process by which we buy products from other countries and export is the process in which we sell our products to the other countries. Import and export…
Importing goods from another country is a bit tricky procedure, then getting the goods from the other city in your country. There are so many things to consider before starting an import business. Import business can be very beneficial if you choose the right product to import. It will give you great benefits. Many importers…
Successful import export business idea relies on two things, satisfying the customer’s needs and making a profit. Choosing the best product and supplier or buyer to import or export will enhance your chances of success. Using import export data to find a supplier or buyer is the best way. Many people don’t know about that,…
After making the export decision, you have to decide where to export the product? Sometimes the process is easy due to the obvious demand from a particular market or because the businessman has certain connections that help to create the right conditions for selling as an exporter. But if none of these situations exist, how…
If your company import or export products to other countries, then you need to know about import export insurance. Freight insurance in one of the policies of import export insurance. The exporter or importer may suffer financial losses if the goods are damaged during transportation from the port of shipment to the destination. The exporter…