exports Archives - Page 3 of 3

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

September 4, 2020May 20, 2026Mrs. Anjum Shahnawaz

ISLAMABAD: The exports have registered 19.5 percent decline in August 2020 owing to torrential rains and significant urban flooding in Karachi.

Withholding income tax rates for exporters updated

August 8, 2020August 8, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding income tax rates for exporters for tax year 2021. The FBR updated withholding tax card for 2020/2021 after incorporating amendments made to Income Tax Ordinance, 2001 brought through Finance Act, 2020. Under Section 154 of Income Tax Ordinance, 2001 every authorized dealer in foreign exchange required […]

Exports exhibit growth in July after four months decline

August 4, 2020August 4, 2020Mrs. Anjum Shahnawaz

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 […]

FPCCI suggests measures to boost exports

May 10, 2020May 10, 2020Mrs. Anjum Shahnawaz

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to boost exports of the country. The apex trade body in its proposals for budget 2020/2021 suggested measures to improve exports. The FPCCI said that if the proposals are implemented that those would create domestic demand suppression to promote investment– both local […]

Exports fall by 54 percent in April amid COVID-19 pandemic

May 5, 2020May 5, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan’s exports have declined by 54 percent in April 2020 owing to ongoing lockdown and cancellation of foreign orders. According to trade data released by Pakistan Bureau of Statistics (PBS) the exports were at $957 million in April 2020 as compared with $2.09 billion in the same month of the last year. The massive […]

Gwadar Port starts exports operation: Razak Dawood

December 14, 2019March 15, 2021Mrs. Anjum Shahnawaz

KARACHI: Gwadar Port has become operational for exports as a vessel loaded with three containers of seafood left for Far Eastern ports, said adviser to prime minister. Abdul Razak Dawood, in his tweet on Saturday made this announcement about the exports through Gwadar Port. “Gawadar becomes operational for Exports! Seafood export, in reefer containers, using […]

KTBA proposes steps for exports growth without revenue loss

December 9, 2019March 15, 2021Mrs. Anjum Shahnawaz

KARACHI: Karachi Tax Bar Association (KTBA) on Monday proposed steps to the Federal Board of Revenue (FBR) for the exports growth without any negative implications to the tax revenue. The KTBA submitted following proposals to FBR Chairman Syed Shabbar Zaidi: 1- Section 8B (Bottleneck for potential / existing exports) Section 8B restricts Input tax adjustment […]

Pakistan’s trade deficit narrows by 34.42pc in July – November

December 1, 2019March 17, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan’s trade deficit has narrowed by 34.42 percent during first five months (July – November) of current fiscal year owing to improvement in exports, said Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce, Textile, Industry & Production and Investment, on Sunday. In a tweet message, he said that as a result […]

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