Tag: #exportsinpakistan
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Ministry of IT has crossed another milestone
KARACHI: Federal Minister for Information Technology Aminul Haq has said that IT exports have crossed the target of 2 billion dollars by June 30, after which exports reached Rs 2.123 billion. According to details, the Ministry of IT has crossed another milestone. Federal Minister for Information Technology Aminul Haq said that the target of billion…
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Three Years Jail Time on Sales Tax Registration Failure
A person who makes taxable supplies but fails to get sales tax registration shall be liable to pay fine and penalties besides the person is also liable to imprisonment up to three years.d Under Sales Tax Act, 1990, any person who is required to apply for registration under the Act fails to make an…
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China, Pakistan companies cooperate with each other in textile sector
BEIJING, Oct 5 (APP):Both as textile powerhouses, China and Pakistan are cooperating each other to increase business in the textile sector, said some traders who have had years of business dealings with Pakistan. Pakistani-made coarse yarn delivers good value for money as its advantage in cotton fiber overcomes the weakness of coarse yarn production in…
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Little attention can boost marble exports by 250 percent
ISLAMABAD, Sep 18 (Online): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said Pakistan can earn huge foreign exchange by paying attention to the massive marble and granite reserves available in Khyber Pakhtunkhwa, Balochistan and Sindh. Pakistan is the sixth larget producer of marble and granite but its share in international…
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Govt efforts uphold rule of law to terminate corruption: Hafeez Sheikh
Baaghi TV: Hafeez Sheikh has said that the economic situation has improved due to the government’s economic policies. Providing a conducive environment for foreign investment is a priority. Traders come forward to run the business. We have to work together to stabilize the economy. Addressing a function at the Pakistan Stock Exchange, Finance Advisor Hafeez…
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Exports rose 25.8% last month: FBS
The Federal Bureau of Statistics (FBS) has released trade data for July, according to which exports increased by 25.8% on a monthly basis and 6.4% on an annual basis last month. According to the data released by the Federal Bureau of Statistics, the volume of exports in July 2020 was 2 billion, which is 25.8%…
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Exports showing progress due to product diversification: Razak Dawood
ISLAMABAD, Jul 02 (APP):Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Thursday said the exports of Pakistan are showing clear signs of recovery, due to the efforts of the exporters to diversify the products, in the wake of new opportunities arising amid Covid 19 pandemic. This was stated by Advisor…
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Diversifying Pakistani exports with competitive engineering products good sign: Prof.Zhou
BEIJING, June 28 (APP):Pakistan has begun to diversify its exports with competitive engineering products and a small number of machinery exports are a good sign, Senior Fellow of Chongyang Institute for Financial Study of Renmin University, Prof. Zhou Rong said on Sunday. “We have noticed that Pakistan has begun to diversify its exports and a…
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Merchandise trade deficit shrinks 33.52% in 4 months
ISLAMABAD, Nov 15 (APP):The country’s merchandise trade deficit plunged by 33.52 percent during the first four months of the current fiscal year (2019-20) as compared to the deficit of the same month of last year. According to the data released by the Pakistan Bureau of Statistics (PBS) Friday, the trade deficit during July-October (2019-20) was…
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Sports goods’ exports dip 3.87pc to $ 75.052 in 1st quarter
ISLAMABAD, Oct 28 (APP):The exports of sports goods from the country witnessed declined of 3.87 percent during the first quarter of current financial year (2019-20) as against the exports of corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The country exported sports goods worth $ 75.052 million during July-September (2019-20) against the…