Mar 12

Ministry issues import, export of e-commerce rules

ISLAMABAD: The ministry of commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce. The ministry issued SRO 14(I)/2021 for the application of the rules that will apply for assessment and clearance of imported or exported goods of business to consumer (B2C) transactions through authorized dealer via designated customs stations. […]

by Mrs. Anjum Shahnawaz

Ministry approves DLTL claims worth Rs213 million: Razak Dawood

Jan 20

Finance

Ministry approves DLTL claims worth Rs213 million: Razak Dawood

ISLAMABAD: The ministry of commerce has approved Rs213 million against claims of drawback of local taxes and levies (DLTL) by non-textile sector, Abdul Razak Dawood, Adviser to Prime Minister for Commerce and Investment. “These are now with State Bank of Pakistan (SBP) and will soon be disbursed to the relevant exporters,” the adviser said this […]

by Mrs. Anjum Shahnawaz

Import policy amended to allow radiation apparatus

Nov 19

Pakistan Customs

Import policy amended to allow radiation apparatus

ISLAMABAD: The ministry of commerce has amended the Import Policy Order 2020 and allowed the import of radiation apparatus with a condition of prior approval of Pakistan Nuclear Regulatory Authority.

by Mrs. Anjum Shahnawaz

Kharlachi allowed export route for Afghanistan

Oct 27

Pakistan Customs

Kharlachi allowed export route for Afghanistan

ISLAMABAD: Kharlachi border has been added to the list of borders for exports of goods from Pakistan to Afghanistan. The ministry of commerce on Monday issued SRO 1103(I)/2020 to make amendment into Export Policy Order 2020. After the amendment the export to Afghanistan and through Afghanistan to Central Asian Republics shall be allowed through export […]

by Mrs. Anjum Shahnawaz

Ministry releases Export Policy Order 2020

Sep 25

Pakistan Customs

Ministry releases Export Policy Order 2020

ISLAMABAD: The ministry of commerce on Friday issued Export Policy Order 2020 while making several changes to the old policy. The ministry issued SRO 901(I)/2020 to release the export policy order. The export policy order shall come into force at once, the ministry said. The export policy order 2020 can be downloaded here.

by Mrs. Anjum Shahnawaz

Sep 25

Pakistan Customs

Import Policy Order 2020 issued

ISLAMABAD: The ministry of commerce on Friday issued Import Policy Order, 2020. The import policy order shall come into force at once. The updated import policy order can be downloaded here.

by Mrs. Anjum Shahnawaz

Exports decline by 19.5 percent as rains, urban flooding disrupt supply chain

Sep 4

Finance

Exports decline by 19.5 percent as rains, urban flooding disrupt supply chain

ISLAMABAD: The exports have registered 19.5 percent decline in August 2020 owing to torrential rains and significant urban flooding in Karachi. The exports for the month of August 2020, have recorded a downfall of 19.5 percent, in dollar value terms, as compared to the same period last year. This was discussed in an internal review […]

by Mrs. Anjum Shahnawaz

Exports exhibit growth in July after four months decline

Aug 4

Finance

Exports exhibit growth in July after four months decline

ISLAMABAD: The exports of the country registered growth of 5.8 percent in July 2020, in dollar value terms, as compared to July 2019. This growth was recorded after a decline in exports for the last four months, since March 2020, when there was a drop of 8 percent compared to same period last year. This […]

by Mrs. Anjum Shahnawaz

Consultations on tariff rationalization to begin next month: Razak Dawood

Jul 27

Pakistan Customs

Consultations on tariff rationalization to begin next month: Razak Dawood

ISLAMABAD: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Investment, has said that consultations on tariff rationalization with stakeholders will start from next month. He said that tariff rationalization is vital for export-led industrialization in Pakistan and discussions would start with the relevant stakeholders from next month to develop a three year […]

by Mrs. Anjum Shahnawaz

Ban lifted on export of various personal protective equipment

Jun 10

National

Ban lifted on export of various personal protective equipment

ISLAMABAD: The government on Tuesday lifted ban on export of various personal protective equipment (PPE) with immediate effect. The ministry of commerce issued SRO 526(I)/2020 to amend the Export Policy Order, 2016. The ministry allowed the export of PPE including disposable gowns, disposable gloves, face shields, biohazard bags, goggles, shoe cover and hand sanitizers. The […]

by Faisal Shahnawaz