Jan 29

Import payments on open account allowed to facilitate commercial importers

KARACHI: State Bank of Pakistan (SBP) has allowed imports on open account for the import of raw materials and spare parts to facilitate small and medium manufacturing units and commercial importers. The SBP in a circular issued on Tuesday said that F.E. Circular No. 07 dated July 20, 2018 whereby imports on open account basis […]

by Mrs. Anjum Shahnawaz

Share of payment to Chinese imports increases 21.42pc

Nov 21

Exclusive, Finance

Share of payment to Chinese imports increases 21.42pc

KARACHI: The share of import payment to China has increased to 21.42 percent during first four months (July – October) 2019/2020 as compared with share of 18 percent in the corresponding period of the last fiscal year. The total payment for import from China was at $3.14 billion during first four months of current fiscal […]

by Mrs. Anjum Shahnawaz