Pakistan is officially shifting gears in its automotive policy. In a move that’s sure to excite car enthusiasts and shake up the local market, the government has agreed with the International Monetary Fund (IMF) to fully lift the ban on the commercial import of used vehicles.
(more…)Tag: import
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Pakistan sees 75% surge in gold import during 10MFY25
Karachi, May 17, 2025 – Pakistan has witnessed a substantial increase in its gold import, with official figures showing a 75% rise during the first ten months (July–April) of the fiscal year 2024–25 compared to the same period last year.
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Pakistan Bans Import of Polyol and Chlorodifluoroethanes
Islamabad, March 20, 2025 – Pakistan has officially imposed a ban on the import of polyol blended and chlorodifluoroethanes with immediate effect.
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Local Manufacturers Push for Ban on Mobile Phone Imports
Pakistan’s mobile phone manufacturers have petitioned the government to ban the import of used phones.
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Pakistan Witnesses Massive 25% Decline in Imports During First Quarter of FY24
Karachi, October 2, 2023 – Pakistan economy official data reveals a staggering 25 percent decline in imports during the first quarter of the fiscal year 2023-24.
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FBR Unveils Withholding Tax Rates During 2023-24 for ATL and Non-ATL Importers
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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Pakistan’s Imports from China Plummet 44% in FY23
Karachi, July 21, 2023 – Pakistan has experienced a substantial 44% decline in imports from China during the fiscal year 2022-23, according to data released by the State Bank of Pakistan (SBP).
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Pakistan Withdraws Ban on Import Payments
Karachi, June 23, 2023 – In a significant move aimed at bolstering its economy, Pakistan has officially withdrawn the ban on payments for the import of goods.
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SBP withdraws prior permission for import transactions
KARACHI: State Bank of Pakistan (SBP) has withdrawn prior approval for banks for initiating import transactions. Previously the condition was imposed in May 2022.
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Over 400 vegetable containers stuck up at ports due to dollar shortage
KARACHI: Over 400 containers of vegetables have been stuck up at ports as commercial banks are not issuing documents due to shortage of dollars.
All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association in a letter to the commerce ministry sent on Tuesday, stated that the containers of Onion are still held up at the various terminals of Karachi sea port since the commercial banks are not releasing the documents due to non-availability of foreign exchange as per statement of the banks.
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The in-ordinance delay in timely clearance would lead to multiplication of cost of the containers (e.g. terminal charges and shipping charges) with each passing day. The high cost of onion containers would have a serious negative impact on common men making onion out of their reach due to high price and hence the government sincere initiative to provide relief to the common men would be jeopardized.
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The association said that as of today the wholesale rate of onion is Rs175 per kilogram and retail price is Rs250-270 per kg and with further delay in clearance, these rates are anticipated to further shoot up depriving the common men to buy the daily used vegetable onion.
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The status of containers of various vegetables held up the various terminals of Karachi sea ports as of today is as follow:
Onion: 250 containers approximately worth $2.1 million
Ginger: 63 containers approximately worth $0.82 million
Garlic: 104 containers approximately worth $2.53 million
The association demanded the government to take prompt action in the best interest of the common people to provide relief to them and make sincere efforts of the government successful.
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