Islamabad: Federal Finance Minister Dr. Shamsad Akhtar has revaled that Pakistan and China will leave trading in US Dollar and said that Pakistan aims to increase the use of Chinese currency (RMB) in trade and investment. He made these remarks during the inaugural ceremony of a bank established in ...

The gold trade in Pakistan has ground to a halt, causing significant alarm within the nation's bullion markets.Since September 13, 2023, this suspension has left both traders and buyers in a state of uncertainty. Law enforcement agencies ordered the cessation of gold trade to combat widespread ...

Pakistan has implemented a measure to combat the illicit importation of goods into the country. Under the Afghan transit trade agreement, a processing fee of 10 percent has been levied on specific imported items, as per a customs department notification issued by the Federal Government. This fee, ...

In Islamabad, the Federal Board of Revenue (FBR) and the Ministry of Commerce have recently implemented a more stringent policy regarding Pakistan's role as a transit country for commercial imports heading to Afghanistan. Under SRO 1397(1), the Ministry of Commerce has prohibited the transit ...

Concerned about smuggling, the federal government has taken a significant step by imposing a 10% processing fee on income generated under Afghan transit trade. According to media reports, a series of actions and measures are underway by the vigilant federal government to combat smuggling. A 10% ...

Islamabad: The federal government has decided to impose restrictions on the imports of luxury items through Afghan transit trade. According to details, it has been revealed that the national treasury has incurred an annual loss of more than 185 billion rupees from Afghan transit trade, prompting ...

Pakistan and the Gulf Cooperation Council (GCC) have initialised a free trade agreement on Friday.In the Saudi capital, Riyadh, caretaker Commerce Minister Dr Gohar Ijaz and GCC Secretary General Jasem Mohamed held a delegation-level discussion. After the meeting, an agreement was signed for the ...

In a recent development, a Deputy Superintendent of Police (DSP) finds himself suspended amidst allegations of complicity in an illicit cross-border drug trade facilitated by drones.The suspension was officially announced through a notification by Imran Kashmore, the Deputy Inspector General (DIG) ...

During the first two months of fiscal year FY24, the trade relationship between Pakistan and Afghanistan saw an 11 percent decrease, going from $264.40 million to $234.48 million. Specifically, Pakistan's exports to Afghanistan in July-August 2023-24 amounted to $135.52 million, a 1 percent ...

The Torkham border crossing remained closed to the general public and business activities for the sixth consecutive day on Sunday due to an ongoing dispute between Pakistani and Afghan border security officials. This deadlock emerged following an exchange of gunfire that took place last Wednesday, ...