Looking after the needs Needs come first followed by import substitution and then exports to earn foreign exchange. The basics like food,... Published 15 Sep, 2024 02:46am
Pakistan Finance ministry expects inflation to fall further to 9.5-10.5% in August Headline inflation figure hit 11.1% in July and brokerage houses now see the number falling to single digits Updated 30 Aug, 2024 10:09pm
Business & Finance Personal use of importer’s family: FBR exempts WHT on import of eye drops from France ISLAMABAD: The Federal Board of Revenue (FBR) has exempted withholding tax on import of the medicines and eye drops... Published 30 Aug, 2024 07:49am
Print Imported goods specified in Third Schedule: FBR empowered to fix value of supply ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to fix the value of supply in case of imported... Updated 06 Aug, 2024 09:07am
Business & Finance LED bulb parts, LED light parts: Customs’ values on import from China revised ISLAMABAD: Directorate General of Customs Valuation Karachi has revised Customs values on the import of LED bulb... Published 04 Jul, 2024 05:47am
Business & Finance Primary payments: C/A posts $270m deficit in May KARACHI: After a surplus for three consecutive months, the country recorded a current account deficit of $ 270... Published 22 Jun, 2024 06:47am
Print ‘Skimmed & Instant Milk Powder’ New customs values on import of milk products fixed ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of “Skimmed... Updated 26 May, 2024 09:10am
Pakistan Russia-Ukraine war: Pakistan could not import, procure vital raw materials: PM RIYADH: Prime Minister Shehbaz Sharif Monday said permanent peace in Gaza was imperative for peace in the world. He... Published 30 Apr, 2024 03:43am
Business & Finance JETRO survey shows Japanese cos in Pakistan facing various issues, including higher import costs KARACHI: The Japan External Trade Organization (JETRO), the Japanese government’s trade and investment promotional... Published 01 Apr, 2024 05:34am
Business & Finance Condoning import-, export-related curbs: Ministerial body formed to resolve cases ISLAMABAD: The federal cabinet has constituted a three-member Ministerial Committee to resolve cases to condone... Published 30 Mar, 2024 05:36am
Print Local vendors suffer as import of used cars rises KARACHI: Pakistan has witnessed a sharp surge in the imports of used cars during the first six months of the current... Updated 14 Mar, 2024 08:45am
Business & Finance New customs values on import of shoe polish fixed ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of shoe ... Published 08 Feb, 2024 05:02am
BR Research Current account roundup: 5MFY24 The economy is unofficially in a zero current account deficit (CAD) mode, and it is an unannounced policy of SBP, as... Published 19 Dec, 2023 09:05am
Print 145 govt organisations: FBR defines ‘economic transaction’ for maintaining data ISLAMABAD: The Federal Board of Revenue (FBR) will maintain record of economic transactions of transfers of gifts... Updated 09 Dec, 2023 09:09am
Print Oil products’ import on foreign suppliers’ account: Decision not materialised due to delay in notification of SOPs ISLAMABAD: The federal government’s decision to allow import of oil products on foreign suppliers’ account through... Updated 10 Nov, 2023 09:40am
Business & Finance ‘Private sector is in the field’ There’s no plan to import wheat thru TCP: official KARACHI: The federal government has no plan to import wheat through Trading Corporation of Pakistan (TCP) as the... Published 10 Nov, 2023 03:07am
Print Govt decides to import urea on G2G basis ECC of the Cabinet also directs the Petroleum Division to holistically review the existing contracts and firm up a proposal on uniform gas pricing Updated 05 Nov, 2023 10:10pm
Business & Finance Import of goods: Customs accused of violating SBP provisions LAHORE: Customs authorities are allegedly violating the legal provisions made by the State Bank of Pakistan for... Published 23 Jun, 2023 06:00am
Business & Finance Proposals No increase in duties on import of essential items Minimum wage proposed at Rs32,000; wages of government employees... Published 10 Jun, 2023 05:20am
Print RDs on wide range of items abolished ISLAMABAD: The Federal Board of Revenue (FBR) has abolished regulatory duties on a wide range of items including... Published 10 Jun, 2023 04:39am
World India considers cutting solar panel import tax to make up domestic shortfall NEW DELHI: India is considering cutting its import tax on solar panels by half and is seeking a rollback in goods... Published 31 May, 2023 05:23pm
Print Shortage of goods, plant closures: IMF identifies import curbs as the real culprits Says financial framework underlying policies agreed with the authorities is included in staff report to be released upon IMF Executive Board’s approval of ninth review Updated 31 May, 2023 11:25am
Print 20pc customs duty, RD on import of edible oils, oilseeds proposed ISLAMABAD: The government has proposed 20 percent customs duty and regulatory duty on the import of edible oils and... Updated 04 May, 2023 09:13am
Opinion ‘The grim challenge of import addiction’ This is apropos a Business Recorder op-ed “The grim challenge of import addiction” carried by the newspaper on... Published 29 Apr, 2023 06:04am
BR Research Unwelcome surplus The current account posted a surprise surplus of $654 million in Mar-23 – highest monthly surplus in eight years.... Published 28 Apr, 2023 09:16am
Opinion The grim challenge of import addiction We are addicted to foreign goods. As a child I remember hankering for foreign chocolates and toffees, as an adult I... Updated 27 Apr, 2023 07:06am
Business & Finance Govt urged to ban import of non-essential items KARACHI: President of United Business Group (UBG) Zubair F Tufail has said that after the government lifted the ban... Published 26 Apr, 2023 06:15am
BR Research Localization of energy supply chain With import restrictions, Pakistan's import-substituting manufacturing sectors, which are highly dependent on... Published 10 Apr, 2023 09:02am
BR Research A Hawala Tsunami? A couple of months back, when the SBP Governor visited the FPCCI office in Karachi, the traders and industrialists... Published 29 Mar, 2023 08:55am
Markets Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port Trust handled 165,153 tonnes of cargo comprising 96,126 tonnes of import cargo and 69,027... Published 22 Mar, 2023 06:24am