Pkrevenue.com

Day: September 20, 2020

  • Mobile phones worth Rs51.24 billion imported in July – August

    Mobile phones worth Rs51.24 billion imported in July – August

    KARACHI: The country has imported mobile phones worth Rs51.24 billion during first two months of current fiscal year due to rising digital services in the wake of coronavirus pandemic.

    The import of mobile phone grew by 98 percent to Rs51.24 billion during July – August 2020 as compared with Rs25.9 billion in the same period of the last year.

    Industry sources said that demand of mobile phones grew significantly during the lockdown for various purposes including financial services.

    The import of mobile phones was Rs32.45 billion August 2020 as compared with Rs13.47 billion in the same month of the last year, showing 97 percent growth.

    The import of mobile phone in terms of US dollar also registered 87.37 percent increase to $306.38 million during first two months of current fiscal year as compared with $163.52 million in the corresponding months of the last fiscal year.

  • Textile exports fall to $2.28bn in July-August

    Textile exports fall to $2.28bn in July-August

    KARACHI: Textile exports have fallen by one percent to $2.28 billion during first two months of current fiscal year as compared with $2.3 billion in the corresponding period of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS).

    Major component of textile exports have witnessed growth during the period.

    The export of knitwear grew by 4.43 percent to $564.29 million during July – August 2020 of the current fiscal year as compared with $540 million in the corresponding period of the last fiscal year.

    The export of bed wear increased by 6 percent to $424.18 million during first two months of the current fiscal year as compared with $400.44 million in the same month of the last year.

    The export of readymade garments grew by 2 percent to $477 million during July – August 2020 as compared with $467 million in the same period of the last fiscal year.

  • 71pc return filing companies declare income below Rs500,000

    71pc return filing companies declare income below Rs500,000

    The Federal Board of Revenue (FBR) has revealed that a staggering 71 percent of corporate return-filing entities declared annual income of less than Rs500,000 for tax year 2018. This alarming figure points to a serious compliance and revenue generation gap within Pakistan’s corporate sector.

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  • Iran ready for barter trade with Pakistan

    Iran ready for barter trade with Pakistan

    KARACHI: Iran is ready for barter trade with Pakistan to strengthen the economic ties between the two neighboring countries. Iranian Consul General Reza Nazeri has stressed the need for strengthening trade ties between two neighboring countries, saying Iran is ready for barter trade and it will export petrochemical, steel and LPG to Pakistan while importing rice, meat and other agriculture products from Pakistan.

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