RD regime brings down import by 23pc
ISLAMABAD – Recent regulatory duties (RD) imposed on luxury and non-essential items have significantly reduced imports in Pakistan, with a decline of 23 percent observed in December 2018.
ISLAMABAD – Recent regulatory duties (RD) imposed on luxury and non-essential items have significantly reduced imports in Pakistan, with a decline of 23 percent observed in December 2018.
KARACHI – Pakistan’s trade deficit has shown signs of improvement, narrowing by $1 billion or 5.6 percent during the first half of the fiscal year 2018-2019.
KARACHI – Pakistan’s auto sales market has experienced a significant turnaround in December 2018, with a sharp rise in sales compared to the previous month.
KARACHI – The State Bank of Pakistan (SBP) has unequivocally rejected a news report published in a prominent English language newspaper regarding the bank accounts of Pakistan Tehreek-i-Insaf (PTI) being submitted to the Election Commission of Pakistan (ECP).
Overseas Pakistani workers have continued to make a significant contribution to the country’s economy, with remittances totaling $10.719 billion during the first half of the fiscal year 2018-2019 (July to December).
Pakistan’s foreign exchange reserves have witnessed a notable decline, falling by $240 million to $13.597 billion by the end of the week, compared to the previous week’s figure of $13.837 billion, as reported by the State Bank of Pakistan (SBP) on Thursday.
Regulatory duty imposition is affecting trade between Pakistan and Sri Lanka, this was stated by the Consul General of Sri Lanka, G. L. Gnanatheva.
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed with a gain of 169 points on Thursday, largely driven by increased activity in the exploration and production (E&P) sector.
Karachi, January 10, 2019 – The Pakistani rupee experienced a modest gain of five paisas against the US dollar on Thursday, attributed to increased inflows from remittances and export receipts, as reported by dealers to PkRevenue.com.
Islamabad, January 10, 2019 – The Federal Board of Revenue (FBR) has issued a new mandate that compels banks to provide details of individuals receiving profits on their deposits exceeding a certain threshold.