Tag: #Imports
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Pakistan’s FY2025-26 Trade Deficit Rises 21.57% to $39.47 Billion as Exports Decline
Key Developments: Pakistan’s trade deficit widened 21.57% to $39.47 billion during FY2025-26. Exports declined nearly 6%, while imports rose almost 8%, widening the external trade gap. June recorded a sharp increase in imports alongside falling exports, resulting in a significantly larger monthly trade deficit. ISLAMABAD (Business Recorder) — July 3, 2026: Pakistan’s merchandise trade deficit expanded…
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FPCCI pens letter to Governor State Bank for opening of LCs
ISLAMABAD: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has written a letter to the Governor of the State Bank of Pakistan requesting the opening of LCs (Letters of Credit) and clearance of raw materials. In the letter, it is said that an emergency meeting should be called to resolve the issue of…
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Pakistan abolishes sales tax on fruit imports from Afghanistan
Pakistan has abolished sales tax on fruit imports from Afghanistan to aid Afghan traders and farmers. The instructions for this action were delivered by Prime Minister Imran Khan and a tweet was made by Mohammad Sadiq in this regard. Pakistan’s Special Representative for Afghanistan Muhammad Sadiq Khan tweeted a notification to abolish sales tax and…
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Government has repaid record loans, Prime Minister
According to a Baaghi TV report, Prime Minister Imran Khan has said that the biggest problem since coming to power was the fiscal deficit. Prime Minister Imran Khan said, “I especially welcome my cricketers and bankers. Overseas Pakistanis are a major asset of the country, unless the rupee strengthens, the economy will not strengthen. During…
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Petroleum Group Imports Reduced by 22.78%
Petroleum group imports reduced by 22.78%.
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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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Javed Afridi Hints at Introducing Tesla in Pakistan
The owner of Peshawar Zalmi in Pakistan Super League (PSL) and the CEO of Haier Pakistan, Javed Afridi in a tweet on Tuesday asked his followers whether or not they will like Tesla in Pakistan, observed by BaaghiTv. Tesla, Inc. is an American electric vehicle and clean energy company owned by the famous aerospace manufacturer…
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US Tariffs on EU Imports
WASHINGTON, Dec 31 (XINHUA/APP): The United States is adjusting tariffs on certain products imported from the European Union (EU) in a long-time dispute over aircraft subsidies, said the Office of the U.S. Trade Representative (USTR) on Thursday. Washington started to impose additional tariffs on a wide range of European products worth 7.5 billion U.S. dollars…
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Pakistan to produce 753,051 tons LPG in FY 2020-21?
ISLAMABAD, Oct 20 (APP):The government has set the target of producing 753,051 tons Liquefied Petroleum Gas (LPG) through indigenous means and import 317,263 tons during the current fiscal year to meet the country’s ever-increasing energy needs. In the year 2019-20, the commodity’s production stood at 784,200 tons against the target of 820,000 tons and the…
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Pakistan Earns $161 million from IT Services Export during July 2020
Pakistan has earned $161 million from the export of IT services during July 2020.