KARACHI: Pakistan is going to sign trade agreements with Uzbekistan in July to explore over $90-billion worth of export potential in Central Asia in order to achieve an unprecedented exports target of $35 billion set for the fiscal year 2021-22. For the purpose of Central Asia connectivity, Prime Minister Imran Khan is leaving for Uzbekistan […]

KARACHI: Textile makers and exporters on Saturday threatened to relocate their manufacturing units to other countries because of the gas supplies crisis in Karachi, hitting hard the industrial output. This decision came at the meeting of textile exporters held at the PHMA House Karachi on Saturday June 26, according to Jawed Bilwani, Chief Coordinator, Pakistan […]

LAHORE: The Federal Board of Revenue (FBR) has amended the Income Tax Rules 2002 to incorporate changes in the electronic return for salaried persons and sought objections and suggestions by June 18, 2021. The Board has informed the general public that objections or suggestions to be received from any person before the expiry date would […]

In its attempt to digitize, document and bring the sellers and retailers in the tax ambit, the government has proposed in the federal budget FY22 that online marketplaces will have to register for GST collection from the sellers at 17 percent, bringing goods being sold through online platforms under the sales tax net and the […]

ISLAMABAD: Pakistan’s exports of 13 sectors including value-added textiles posted double-digit growth in the 11 months of current fiscal year (11MFY21) compared to the same period a year ago, data compiled by the Ministry of Commerce showed on Friday. Growth in exports of value-added sectors contributed to an increase in overall exports from the sectors. […]

Advisor to Prime Minister on Commerce Abdul Razak Dawood announced on Friday that Japan has approved a mango processing facility for exports from Pakistan. The advisor in a tweet announced that Roomi Foods Vapour heat treatment plant has been approved by the Japanese authorities for export of mangoes from Pakistan. He further said that this […]

KARACHI: In order to improve Pakistan’s international trade, the Federal Board of Revenue (FBR) has kicked off the soft launch of the Pakistan Single Window Programme (PSWP) with the intention of launching it officially in a couple of months, revealed PSWP Project Director Muhammad Imran Khan Mohmand. During an online seminar organised by the Central Standing Committee […]

First half year’s performance has improved macroeconomic outlook for FY21 • Debt servicing remains a key challenge KARACHI: The economic recovery is becoming more visible exceeding the previous forecast to reach 3 per cent GDP growth rate with 7-9pc inflation and better prospects for wheat output, State Bank’s Second Quarterly Report said on Thursday. The […]