KARACHI: Restrictions imposed on opening of Letter of Credit (LC) for import payment have given massive rise to smuggling of automobile spare parts.
(more…)Category: Trade & Industry
This section covers news on trade and industry. Pakistan Revenue is committed to providing the latest updates on business trends.
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PYMA seeks TDAP help in abolishing regulatory duty on polyester yarn
KARACHI: Pakistan Yarn Merchants Association (PYMA) has sought help of Trade Development Authority of Pakistan (TDAP) in abolishing regulatory duty on polyester yarn.
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ABAD urges barter trade to save construction industry
KARACHI: Association of Builders and Developers (ABAD) of Pakistan has urged the authorities to allow import of raw material on barter trade to save domestic construction industry.
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FPCCI suggests three key points for tax reforms
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday suggested three key points for tax reforms in the country.
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KATI rejects petroleum price hike, urges politicians to reduce expenses
KARACHI: Korangi Association of Trade and Industry (KATI) on Monday rejected hike in petroleum prices and urged politicians to reduce their expenses.
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Raising interest rate will not help in curtailing inflation: FPCCI
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lambasted the central bank for raising interest rate to 17 per cent and said it will not help in curtailing inflation.
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KCCI urges shipping lines, terminal operators to waive detention, demurrage charges
Karachi Chamber of Commerce and Industry (KCCI) on Saturday urged shipping lines and terminal operators to waive demurrage and detention charges to stuck-up containers at ports.
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Banks are responsible for economic crisis: KATI President
KARACHI: Faraz-ur-Rehman, President, Korangi Association of Trade and Industry (KATI) on Tuesday blamed commercial banks for present economic crisis in the country.
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Documentation must to bridge fiscal deficit: FPCCI
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday said that documentation of economy is a must to bridge fiscal deficit.
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FPCCI warns black economy to boost on high interest rate
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned the government that industry will opt black economy as formal banking channels are out of reach due to high interest rate.
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