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.
The car imports in Pakistan experienced a substantial decline by 43 percent due to significant devaluation of local currency and imposition of regulatory duty.
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.’
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.
The Pakistan equity market witnessed a decline of 342 points on Wednesday, as negative trading sentiments and profit-taking activities influenced market performance.
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.
The Pakistani Rupee experienced a slight decline of one paisa against the US Dollar in a range-bound foreign currency market on Wednesday.
Pakistan Customs took a significant step on Wednesday by destroying a substantial quantity of counterfeit products valued at Rs120 million.
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.
Pakistan’s textile industry, despite benefiting from incentives related to duties and taxes, has failed to achieve significant improvements in exports.
KARACHI – The Pakistan Stock Exchange (PSX) has issued a significant directive, compelling stock brokers to file Suspicious Transaction Reports (STR) with the Financial Monitoring Unit (FMU) as part of efforts to combat money laundering and financing terrorism.