FY23: POL products worth $1.182bn imported by Pakistan on deferred payment basis ISLAMABAD: Pakistan imported petroleum products worth $ 1.182 billion on a deferred payment basis under the Saudi... Updated 25 Jul, 2023 12:19pm
Business & Finance KCCI urges SBP to take notice of banks’ denial to issue LCs KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while referring to deep... Published 25 Jul, 2023 06:20am
Editorials Rise in clearance of imports, exports EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased... Updated 22 Jul, 2023 06:40am
Print ‘Green channel’ facility: FBR increases clearance of imports and exports to 66pc ISLAMABAD: In a major trade facilitation step, the Federal Board of Revenue (FBR) has increased the clearance of... Updated 21 Jul, 2023 09:29am
Pakistan YoY: Pakistan’s trade deficit shrinks 43% to $27.6bn in FY23 In FY22, trade deficit stood at a whopping $48.35 billion Contraction in deficit comes on back of restrictions on imports Updated 19 Jul, 2023 03:07pm
Editorials Import payments and dollar reserves EDITORIAL: The secretary, Ministry of Industries and Production, while testifying before the relevant Senate ... Updated 13 Jul, 2023 05:11am
Print Inward flows of dollars to create breathing space: ministry ISLAMABAD: The Ministry of Industries and Production (MoI&P) Tuesday said it is still clueless about lifting of... Updated 12 Jul, 2023 08:51am
Print PM optimistic about country’s agri prospects ISLAMABAD: Prime Minister Shehbaz Sharif has termed the agriculture sector as backbone of the country, saying, it is... Updated 11 Jul, 2023 09:00am
Opinion TERF: We’re always on home turf when it comes to criticism! TERF (temporary economic refinance facility) was a hot topic last week. The scheme was offered at the time of Covid... Updated 10 Jul, 2023 07:32am
Print Pharmaceutical sector granted major tax relief ISLAMABAD: The government has provided major tax relief to the pharmaceutical sector by allowing the reduced rate of... Updated 10 Jul, 2023 08:51am
Business & Finance FY23: Cargo handled by KPT declines to 41.85m tons from 51.71m tons YoY KARACHI: The Karachi Port Trust (KPT) remained fully functional and operational on round the clock basis and its... Published 06 Jul, 2023 05:42am
Editorials There’s need for forging ahead on own steam EDITORIAL: Rating agency Moody’s has warned that Pakistan’s liquidity risks remain high in spite of the... Updated 06 Jul, 2023 06:14am
Print Fraudulent clearances of imported goods: FBR sets up fact-finding committee ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a three-member fact-finding committee to probe... Updated 05 Jul, 2023 08:58am
Business & Finance Jul-Jun trade deficit shrinks 43.03pc to $27.547bn YoY ISLAMABAD: Pakistan’s trade deficit narrowed by 43.03 per cent to $27.547 billion during the fiscal year 2022-23... Published 04 Jul, 2023 05:07am
Print Foreign supplier’s account thru customs bonded storage facilities: Import policy guidelines approved by ECC ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved policy guidelines for the... Updated 28 Jun, 2023 09:03am
Print ‘Customs budget notifications’ issued by FBR ISLAMABAD: The Federal Board of Revenue (FBR) has implemented customs budgetary measures including raise in... Updated 28 Jun, 2023 09:00am
Print ECC for reviewing timber, wood import policy ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministries of Commerce and National... Updated 27 Jun, 2023 09:03am
Business & Finance TMA underscores need for banning import of non-essential items KARACHI: The senior vice chairman of the Towel Manufacturers Association of Pakistan has expressed severe concern... Published 27 Jun, 2023 06:15am
Print Govt agencies allowed to import pharma raw material ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to amend the Import Policy Order... Updated 26 Jun, 2023 09:16am
Business & Finance SBP withdraws all import restrictions KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to ... Published 24 Jun, 2023 06:02am
Opinion Managing energy imports to save forex reserves Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign... Updated 22 Jun, 2023 06:12am
BR Research CAD roundup: 11MFY23 The current account posted a surplus for the third consecutive month – last three months (March to May) surplus... Published 21 Jun, 2023 09:50am
Markets Pakistan’s REER inches upward to 87.1 in May 2023 Pakistan’s Real Effective Exchange Rate (REER) saw an increase in May, as it clocked in at 87.1 as compared to 85.6... Published 20 Jun, 2023 01:17pm
Business & Finance Jan-April: 3.44m mobile phones manufactured locally ISLAMABAD: Local manufacturing plants have manufactured/assembled 3.44 million mobile handsets during the first four... Published 18 Jun, 2023 06:07am
Business & Finance Jul-May period: Petroleum group imports decline 21.84pc to $15.382bn YoY ISLAMABAD: Petroleum group imports witnessed a negative growth of 21.84 percent during the first 11 months ... Published 17 Jun, 2023 06:13am
Print Dar says IMF still procrastinating ISLAMABAD: Finance Minister Ishaq Dar Thursday stated that the “International Monetary Fund (IMF) or no-IMF,... Updated 16 Jun, 2023 08:56am
Technology SAP faces profit repatriation challenges, but wants to look at ‘silver lining’ in Pakistan Ahmed Al-Faifi, Senior Vice President and MD Middle East and North Africa of enterprise software firm SAP, said his... Published 15 Jun, 2023 10:31pm
Opinion A timid budget by a hesitant govt The budget was really not a budget per se. We have come to expect major policy measures being enacted, loads of ... Updated 15 Jun, 2023 06:31am
Opinion The cost of anti-export bias Our country in general and our bureaucracy in particular have a strange bias against exports and a particular... Published 13 Jun, 2023 06:00am
Business & Finance Economy: experts underscore the need for structural reforms KARACHI: Economic experts at a post-budget conference here on Sunday called for indigenous solutions and structural... Updated 13 Jun, 2023 08:48am
