PAAPAM rejects import of second-hand tractors
KARACHI: Pakistan Association of Autoparts and Accessories Manufacturers (PAAPAM) has rejected the Economic Coordination Committee (ECC)’s decision to import second-hand tractors.
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Category: Trade & Industry
PYMA demands removing restrictions on LCs for textile industry
KARACHI: Pakistan Yarn Merchants Association (PYMA) has demanded the central bank remove restrictions on opening of Letter of Credits (LCs) for the textile industry.
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Demurrage, detention charges cause huge outflow of dollars: Chief Collector
KARACHI: A huge sum of dollars are going out of country because of demurrage and detention charges, said Muhammad Yaqoob Mako, Chief Collector, Customs Enforcement South, Karachi.
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Dollar crisis: SBP striving to clear 11,000 import payment pending cases
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.
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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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