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1-10 results from 1000 for query «import»

July 21, 2018 12:00 AM Tax abolition on cotton import urged

KARACHI: Opposing customs duty and other levies on import of raw cotton, the Karachi Cotton Association on Friday said the country needed at least four million bales due to the shortage of the commodity. KCA Secretary Aftab Alam expressed concerns over the decision of the government to impose three percent customs duty, two percent additional customs 5

July 21, 2018 12:00 AM Dutch firm to buy $38 million stake in Elengy Terminal

KARACHI: Royal Vopak, the world’s leading tank storage firm, said on Friday it would buy 29 percent stake in the Pakistan’s first liquefied natural gas import facility in a deal valuing an estimated $38 million. Engro Corporation Ltd. and Royal Vopak of the Netherlands announced the signing of a share purchase agreement in which Vopak will acquire a 29 percent 4

July 21, 2018 12:00 AM Food imports increase to $6.185 billion in 2017/18

KARACHI: Food imports caused capital flight of $6.185 billion from the country during the last fiscal year of 2017/18, weighing down fragile external account in the agriculture country. Pakistan Bureau of Statistics (PBS) data on Friday showed that food imports marginally rose 0.68 percent from $6.143 billion in the previous fiscal year of 2016/17. Analysts 4

July 20, 2018 4:47 AM Current account deficit rises to $18bn, reserves hit four-year low

KARACHI: Current account deficit (CAD) touched $18 billion in FY18, up 42.5 per cent over the previous fiscal year, the State Bank of Pakistan (SBP) reported on Thursday. Only two years ago, the CAD was at $4.876bn, spiking to $12.621bn the following year, before hitting its record high in 2017-18. The State Bank data released on Thursday showed total 3

July 19, 2018 12:00 AM LSM growth clocks in at 2.76 percent in May

KARACHI: Large scale manufacturing (LSM) grew 2.76 percent in May as compared to the corresponding month a year earlier as retail sector thrived on growing consumer demand, while construction boom kept fuelling steel production, official data showed on Wednesday. Pakistan Bureau of Statistics (PBS) data showed that food, beverages and tobacco production 3

July 19, 2018 12:00 AM Jang Economic Session: Rupee devaluation to bring new wave of inflation, say experts

LAHORE: Devaluation of rupee against the US dollar will affect all segments of society, PML-N, PTI and PPP experts should evolve a mechanism to handle the issue and Senate Standing Committee on finance can play an effective role in this regard. These views were expressed by the experts at Jang Economic Session on ‘impact of devaluation of rupee against 2

July 12, 2018 12:59 AM Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 per cent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official 6

July 9, 2018 12:17 PM ECP finishes logistical arrangements for polls

ISLAMABAD: The Election Commission of Pakistan (ECP) has said that the commission had made all necessary logistic arrangements for ensuring to hold the upcoming general election on July 25 in a smooth and an organized manner. The holding of elections which is considered to be a biggest logistic activity in the country required a comprehensive strategy 7

July 6, 2018 12:00 AM FBR imposes 2pc duty on cotton imports

KARACHI: The Federal Board of Revenue (FBR) on Thursday imposed two percent customs duty on imports of cotton and yarn to encourage use of the local crop and save foreign exchange reserves. The FBR, in a statement, said the additional customs duty of two percent will be effective from July 15. The FBR imposed the duty on all the imports, except various 3

July 5, 2018 2:08 AM You can’t win without electables and money: Imran

FOR Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan, the key to the Prime Minister House lies in understanding the country’s complex political realities. In a conversation with Dawn during his election campaign in Karachi on Wednesday, Mr Khan said that although he cannot vouch for each of the near 700 national and provincial-level candidates his party 13