The import of mobile phones in Pakistan witnessed a significant decline of 18.69 percent in December 2018, attributed to the government’s stringent measures to block unregistered International Mobile Equipment Identity (IMEI) numbers.
(more…)Day: January 16, 2019
-
Hopes of oil, gas discovery in offshore drilling by April
Pakistan is hoping major discovery of oil and gas in offshore drilling by April of this year, according to a statement of the petroleum minister.
(more…) -
Car imports fall sharply by 43pc on regulatory duty, currency devaluation
The car imports in Pakistan experienced a substantial decline by 43 percent due to significant devaluation of local currency and imposition of regulatory duty.
(more…) -
SBP Allows Reimbursement Charges to Banks Against Donations to Dam Fund
The State Bank of Pakistan (SBP) allows reimbursement charges to cover donations and contributions made by overseas Pakistanis for the ‘Prime Minister and Chief Justice of Pakistan Fund for Diamer Bhasha and Mohmand Dam.’
(more…) -
FPCCI blames former government for misusing GIDC
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has blamed the former government for misusing Gas and Infrastructure Development Cess (GIDC) and urged the authorities to urgently address the persistent issue.
(more…) -
Equity Market Plunges By 342 points on Negative Sentiments
The Pakistan equity market witnessed a decline of 342 points on Wednesday, as negative trading sentiments and profit-taking activities influenced market performance.
(more…) -
Foreign Direct Investment Falls By 19.2pc in July-December
The State Bank of Pakistan (SBP) has reported a significant decrease in the inflow of Foreign Direct Investment (FDI) into Pakistan during the first half of the current fiscal year, signaling a challenging economic environment.
(more…) -
Rupee Eases Against Dollar in Stable Currency Market
The Pakistani Rupee experienced a slight decline of one paisa against the US Dollar in a range-bound foreign currency market on Wednesday.
(more…) -
Customs destroys counterfeit products worth Rs120 million
Pakistan Customs took a significant step on Wednesday by destroying a substantial quantity of counterfeit products valued at Rs120 million.
(more…) -
Customs imposes 10pc fine for releasing unregistered phones
KARACHI – Pakistan Customs has announced the imposition of a 10 percent fine on the total amount of duty and taxes involved for the clearance of unregistered mobile phones.
(more…)