KARACHI: Facing acute shortage of US dollar, the State Bank of Pakistan (SBP) is striving to clear 11,000 import payment pending cases, said SBP governor Jameel Ahmad on Wednesday.
(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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Foreign exchange crisis halts economic activities in Pakistan
KARACHI: Foreign exchange crisis has halted economic activities in Pakistan, said President SITE Association of Industry Riaz Uddin on Wednesday.
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Pak-Iran businessmen stress finalizing free trade agreement
KARACHI: Businessmen of Pakistan and Iran have stressed upon finalizing Free Trade Agreement (FTA) between the two neighboring countries in order to explore true potential of trade.
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Merchants demand waiver of demurrage, detention charges on polyester yarn
KARACHI: Pakistan Yarn Merchants Association (PYMA) on Thursday demanded the government of exempting demurrage and detention charges on stuck-up consignments due to not opening of Letter of Credit (LC).
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K-Electric fails to improve power generation: NEPRA Chief
KARACHI: Touseef Hassan Farooqi, Chairman, National Electric Power Regulatory Authority (NEPRA) has said that K-Electric failed to improve power generation.
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KATI fears further inflation with planned petroleum levy rise
KARACHI: Korangi Association of Trade and Industry (KATI) has expressed fears that planned enhancement in petroleum levy for further increase inflationary pressure.
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Turkiye sees more investment opportunity in Pakistan
KARACHI: Commercial Attaché of the Republic of Turkiye Eyyup Yildirim has said that several Turkish companies have invested around $2 billion in numerous sectors of Pakistan’s economy
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Banks refuse opening LCs despite condition withdrawal: KCCI
Karachi Chamber of Commerce and Industry (KCCI) in a statement issued on Thursday stated that banks are refusing opening the Letter of Credit (LCs) for import proceeds despite condition withdrawal by the central bank.
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FBR plans achieving annual target through broadening tax base
KARACHI: Federal Board of Revenue (FBR) is working hard to broaden the tax base for achieving Rs7.5 trillion collection target for fiscal year 2022/2023.
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Pakistan Customs to launch module to link international prices for updated valuations
KARACHI: Pakistan Customs is set to launch a module which will link with the international markets to reflect updated prices for making accurate customs valuations.
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