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.
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over huge amount of exemptions, concessions granted under Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTA). The apex trade body urged the government to redesign the FTAs and PTAs with a view to promote the domestic industry of Pakistan, as the […]
KARACHI: Iranian trade delegation has urged Pakistani authorities to bring down customs duties in order to encourage formal trade between the two countries. Talking to the members of Karachi Chamber of Commerce and Industry (KCCI), Morad Nemati, leader of the Iranian delegation said that in order to improve the trade relations between Pakistan and Iran, […]
KARACHI: Consul General of Malaysia Khairul Nazran Abd Rahman has said that Malaysia and Pakistan need to agree upon on a new concessional list under the existing Free Trade Agreement (FTA). Large number of requests have been received from different segments for addition of numerous items in the FTA list in which Pakistani Basmati rice […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Turkish authorities to remove protective duties imposed on Pakistani products. “Turkey should remove local preventive in PTA/FTA with Pakistan,” said Engr. Daroo Khan Achakzai, President, FPCCI in a statement on Friday. He said that in the past textile exports to Turkey was based […]
ISLAMABAD: The economy has incurred duty and tax losses to the tune of Rs972.4 billion due to exemptions and concessions during the fiscal year 2018/2019, according to Economic Survey 2018/2019 launched on Monday. The cost of tax exemptions included: income tax Rs141.6 billion, sales tax Rs597 billion; and Rs233.1 billion as customs duty. Income Tax: […]
KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while highlighting some the obstacles in way of smooth trade between Pakistan and Sri Lanka, particularly mentioned that the imposition of Regulatory Duties by Pakistani authorities have terribly affected Sri Lankan exports to Pakistan. “Because of overnight imposition of RDs, Sri Lankan exporters are not interested […]