Mubarak Zeb Khan
Pakistan’s exports to Saudi Arabia were $446.18 million in 2019-20 while imports stood at $1,735.81m.
It was the second consecutive month that the tax collection surpassed it projection.
Effective May 24, local brand owners can begin using the Madrid System to protect their trademarks in 123 territories.
The duty was collected from expatriates and travellers on import of mobile phones under baggage.
The growth was only seen in the value-added textile products during the July-January period of 2020-21.
Official says Pakistan has complied with the six reccomendations and submitted details to FATF secretariat.
During the week, 25 items recorded an increase, 8 showed decline and 18 unchanged.
Tender issued to ensure arrival of consignment by Eid.
The share of the food items in the total import bill reached 15.84pc this year from 11.16pc last year.
The system will be rolled out from July 1 in a bid to enhance revenue collection.
The top revenue spinners are concentrated in items including POL, natural gas, palm oil, bituminous coal and polypropylene.
Double-digit growth comes on the back of higher automobile and cement production.
Prime Minister Imran Khan had approved the plan in a cabinet meeting held on Nov 29, 2018,
The e-commerce market size posted a growth of over 35pc in the first quarter of the fiscal year.
In FY20, the country’s trade deficit had narrowed to $23.099bn from $31.820bn.
Duty collection grew 40.19pc to Rs194.813bn in 7MFY21.
Industrial activities booming as duty-free imports surge.
“Our cumulative exports for seven months of FY21 are showing a rising trend," says PM’s aide Razak Dawood.
ISLAMABAD: The month of January saw a deeper deceleration in prices of consumer products as inflation eased to 5.7...
January records double-digit growth year-on-year.