Sep 26

Textile Council recommends cotton import from India

KARACHI: Pakistan Textile Council (PTC) in a statement on Monday said the country should import cotton from neighboring India to avoid another balance of payment crisis. The country’s textiles industry, which earned more than $19 billion in exports last year, is facing a shortage of raw material as flash floods have damaged about half of […]

by Faisal Shahnawaz

Textile exporters urge allowing cotton import from India

Aug 27

Trade & Industry

Textile exporters urge allowing cotton import from India

KARACHI: Textile exporters have urged the government to allow import of cotton and cotton yarn from India and other countries through land routes.

by Faisal Shahnawaz

FBR notifies duty exemption on cotton yarn import

May 6

Pakistan Customs

FBR notifies duty exemption on cotton yarn import

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified exemption of customs duty on import of cotton yarn till June 30, 2021. The FBR issues SRO 533(I)/2021 to comply with the decision of Economic Coordination Committee of the Cabinet (ECC) to exempt whole of customs duty on import of cotton and cotton yarn. The ECC […]

by Faisal Shahnawaz

Exporters welcome duty withdrawal on cotton, yarn import

Apr 15

Trade & Industry

Exporters welcome duty withdrawal on cotton, yarn import

KARACHI: Value-added textile exporters have welcomed the decision of the Economic Coordination Committee (ECC) of the cabinet to remove customs duty on import of cotton and yarn. Value-Added Textile Exporters convey sincere gratitude and thanks to Prime Minister Imran Khan, Adviser Commerce Razak Dawood and Federal Cabinet on the ECC for according genuine consideration to […]

by Mrs. Anjum Shahnawaz

ECC approves cotton, yarn import from India

Mar 31

Finance

ECC approves cotton, yarn import from India

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of cotton and yarn from India. This was disclosed by Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment, in a tweet. “To keep the momentum of our value-added exports, ECC in its meeting held today approved import of […]

by Mrs. Anjum Shahnawaz

ECC approves cotton import through land route

Mar 10

Finance

ECC approves cotton import through land route

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of cotton through land route subject to fulfillment of codal formalities. Federal minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the ECC. The ministry of commerce tabled a summary before the ECC seeking permission for import of […]

by Mrs. Anjum Shahnawaz

Regulatory duty on cotton import withdrawn

Jan 21

Taxation

Regulatory duty on cotton import withdrawn

ISLAMABAD: The government has withdrawn 3 percent regulatory duty on import of cotton, a notification said on Tuesday. Federal Board of Revenue (FBR) issued SRO 38(I)/2020 to withdraw 3 percent regulatory duty on import of cotton. Through SRO 949(I)/2019 the regulatory duty was imposed on import of cotton. The regulatory duty was imposed on August […]

by Mrs. Anjum Shahnawaz

Dec 30

Finance

ECC allows duty free import of cotton

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved duty-free import of cotton. The ECC took the decision at a meeting held here under the chairmanship of Advisor to Prime Minister on Finance and Revenue, Hafeez Shiekh in the chair. The meeting also allowed cotton import through the Torkham border. The ECC […]

by Mrs. Anjum Shahnawaz

FBR issues SROs to withdraw additional, customs duty on import of cotton

Feb 4

Taxation

FBR issues SROs to withdraw additional, customs duty on import of cotton

ISLAMABAD: Federal Board of Revenue (FBR) has exempted customs duty and additional customs duty on import of cotton for the period of February 01 to June 30, 2019.

by Mrs. Anjum Shahnawaz

ECC approves clearance of imported vehicles on verified foreign currency payment

Jan 15

Automotive

ECC approves clearance of imported vehicles on verified foreign currency payment

ISLAMABAD – In a recent session, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Asad Umar, gave its approval for a significant policy shift regarding the clearance of imported vehicles under various schemes.

by Mrs. Anjum Shahnawaz