Pakistani automotive industry is flooded with the new automakers. Although it has been a positive development for the industry, people are still yearning for more affordable cars in the market. According to current news, the government is considering dropping taxes on vehicles with an engine ...

LAHORE – The federal government is chewing over a proposal to roll out an amnesty scheme in the upcoming budget 2021-22 that would allow citizens to import five-year-old used cars, local media reported. Currently, citizens are allowed to import three-year-old vehicles but the new limit will be ...

ISLAMABAD – The prices of both new imported and locally assembled cars of up to 800cc engine power are likely to come down later this year as the government is mulling over tax relaxations for the auto sector in the federal budget 2021-22 that will be unveiled this month. The government aims at ...

As per the latest SBP data, the mobile handset imports surged to $1.1 billion in Jul-Dec 2020 period. This figure is exactly double the forex spent on importing these devices in the same period of the previous year. (The shipment-based PBS data also show elevated device imports at $939 million in ...

The federal government has made it mandatory on all importers pay duties and taxes exceeding Rs1 million through the e-payment system from today. All duties and taxes over Rs1m can now only be paid through the system of e-payment — internet/mobile banking, ATMs, over-the-counter (OTC) or ...

As one of the pillars of CPEC, Gwadar Port link provides a series of benefits for investors and paving the way of tourism for socio-economic development in Baluchistan. The report quoting Chinese scholar Prof. Cheng Xizhong, said that continuous development of CPEC, especially the construction of ...

ISLAMABAD: As the government, through tariff rationalization, has already removed various duties on 164 items, it also intends to remove customs duties on another 152 items in order to facilitate ‘made in Pakistan’ products. After the removal of additional customs duty and regulatory duty on ...

ISLAMABAD-International Monetary Fund (IMF) has predicted recovery in Pakistan's economy during financial year 2021. In a report titled "Policy Actions Taken by Countries," IMF said a gradual recovery is expected in Pakistan's economy in Fiscal Year 2021 as the economy reopens. The report ...

ISLAMABAD-Advisor to the Prime Minister on Commerce, Abdul Razak Dawood here on Friday said that Pakistan is rapidly diversifying its exports into high quality and globally competitive engineering products. He was chairing an internal review meeting to discuss the finalization of Strategic Trade ...

*ISLAMABAD: **Pakistan seek positive economic development from the European Union.* Pakistan would continue to enjoy tariff preferences in the European Union (EU) under the Generalised Scheme of Preferences (GSP)-Plus, Adviser to Prime Minister on Commerce Razzaq Dawood announced in ...