Jun 3

Pakistan Sees Massive 27% Exports Jump YoY in May 2024

PkRevenue.com – Pakistan has registered a significant 27.08 percent increase in exports on a year-on-year (YoY) basis in May 2024, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. Exports surged to $2.80 billion in May 2024, up from $2.20 billion in the same month of the previous year.

by Shahnawaz Akhter

South Korea Records 10% Surge in Car Shipments in April 2024

May 9

Automotive, World

South Korea Records 10% Surge in Car Shipments in April 2024

South Korea has witnessed a significant uptick in car shipments, recording a 10 percent increase in April 2024, according to recent official data released by the Ministry of Trade, Industry and Energy.

by Faisal Shahnawaz

Japan Threaten Legal Action against Pakistan over Car Exports

Apr 8

Automotive

Japan Threaten Legal Action against Pakistan over Car Exports

The Japanese government has issued a stern warning to Pakistan regarding the alleged coercion of three of its prominent car manufacturing companies to export their vehicle variants, a move deemed as a violation of World Trade Organization (WTO) regulations, as per media reports.

by Faisal Shahnawaz

Pakistan’s Exports Witness 12.68% Decline in July 2023

Aug 2

Finance

Pakistan’s Exports Witness 12.68% Decline in July 2023

Islamabad, August 2, 2023 – The latest data released by the Pakistan Bureau of Statistics (PBS) indicates a significant decline in the country’s exports by 12.68% in July 2023, as compared to the previous month.

by Faisal Shahnawaz

FBR Plans New Indemnity Bond to Facilitate Exporters

Jul 18

Taxation

FBR Plans New Indemnity Bond to Facilitate Exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has unveiled a new indemnity bond for exporters, allowing them to sell or transfer plant machinery, equipment, and apparatus from one Export Facilitation Scheme (EFS) user to another.

by Shahnawaz Akhter

Pakistan exports plummet by 10% during July – March 2022-2023

Apr 3

Finance, Top stories

Pakistan exports plummet by 10% during July – March 2022-2023

Exports of Pakistan have plummeted by 10 percent during nine month (July – March) 2022-2023, official data revealed on Monday.

by Mrs. Anjum Shahnawaz

Pakistan’s exports decline by 5.8pc in 1HFY23

Jan 3

Finance, Top stories

Pakistan’s exports decline by 5.8pc in 1HFY23

ISLAMABAD: Pakistan’s exports have declined by 5.8 per cent in the first half (July – December) of fiscal year 2022-2023, according to official trade data released on Tuesday.

by Mrs. Anjum Shahnawaz

SBP automates verification of refinance claims

Aug 12

Money & Banking

SBP automates verification of refinance claims

KARACHI: The State Bank of Pakistan (SBP) on Friday announced the automation of verification of refinance clams under the Export Finance Scheme (EFS). Automated verification will significantly enhance the efficiency of refinance operations and improve exporters’ access to liquidity, the central bank added. READ MORE: Interest rates on export, business loans enhanced to 10% With […]

by Hamza Shahnawaz

FBR explains income tax on export of services

Jul 23

Budget 2022-2023, Taxation

FBR explains income tax on export of services

ISLAMABAD: The Federal Board of Revenue (FBR) has explained income tax treatment on export of services as amended through Finance Act, 2022. The FBR issued Income Tax Circular No. 15 of 2022/2023 to explain the important amendments brought through the Finance Act, 2022 to the Income Tax Ordinance, 2001. The revenue body said that a […]

by Mrs. Anjum Shahnawaz

Interest rates on export, business loans enhanced to 10%

Jul 7

Money & Banking

Interest rates on export, business loans enhanced to 10%

KARACHI: The State Bank of Pakistan (SBP) on Thursday enhanced the interest rates under export refinancing and long term refinancing to 10 per cent. The SBP in a circular said that as mentioned in the above-referred circular, the rates of Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) have now been linked with […]

by Hamza Shahnawaz