Pakistan Revenue
ISLAMABAD: The ministry of commerce on Saturday issued a clarification stating that the import ban will not be applicable on Bill of Lading (B/L) or Letter of Credit (L/C) issued prior to ban decision. In order to address the balance of payments (BOP) situation in the country resulting from the increase in current account deficit […]
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ISLAMABAD: The ministry of commerce on Friday imposed ban on import of conventional syringes with immediate as the government had already granted incentives on import of auto disable syringes through latest amendment to relevant laws. The ministry of commerce issued SRO 483(I)/2021 dated April 16, 2021 to amend Import Policy Order, 2020. Through the notification […]
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ISLAMABAD: Pakistan’s trade deficit widened by 9 percent or $17.3 billion during first eight months (July – February) 2020/2021 of the current fiscal due to surge in import bill for the period, according to provisional data released by the ministry of commerce. The trade deficit widened to 17.3 billion during first eight months of the […]
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ISLAMABAD: Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment, on Tuesday said that after a span of nine years the Istanbul-Tehran-Islamabad (ITI) Freight Train will resume operations from March 4, 2021. In a tweet message, the adviser said that Istanbul-Tehran-Islamabad (ITI) Freight Train will resume operations from March 04, 2021 after […]
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ISLAMABAD: The ministry of commerce on Monday notified dates for start of exports of mangoes and citrus hybrid (kinnow). The ministry issued SRO 1334(I)/2020 dated December 14, 2020 to amend Export Policy Order, 2020. According to the amendments: “Export of mangoes shall be allowed from the 20th day of May unless otherwise specified by the […]
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ISLAMABAD: The government has banned import of all types of live animals and birds with immediate effect in the wake of novel coronavirus. According to an official memo issued by the ministry of commerce to Quarantine Department a ban has been imposed on import of any zoonotic (animals and birds etc.) with immediate effect and […]
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KARACHI: Pakistan’s import bill fell by 17.06 percent during first six months (July – December) 2019/2010 owing to deceleration in international commodity prices and lower domestic demand. According to data released by the ministry of commerce, the import bill reduced to $23.18 billion during first half of current fiscal year as compared with $27.94 billion […]
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ISLAMABAD: The ministry of commerce has said that ban on trade with India will not apply on the shipment of documents related to personal or ministries. The ministry issued a clarification in this regard through an office memorandum dated October 03, 2019, stated that the bilateral trade with India was suspended through SROs 927 and […]
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ISLAMABAD: The ministry of commerce has extended the implementation of SRO 604 up to August 31, 2019. The ministry issued the SRO on May 28, 2019 which is related to import of solar panel and related equipments. The ministry of commerce issued SRO 947(I)/2019 to extend the date of implementation of the SRO 604(I)/2019 from […]
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KARACHI: The ministry of commerce has extended the last date for submission /resubmission of claims of Drawback of local Taxes and Levies (DLTL). The State Bank of Pakistan (SBP) on Monday informed banks that the commerce ministry extended the date for claiming DLTL. The central bank said that in terms of Commerce Division, Ministry of […]
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