Pakistan to request Saudi Arabia for commencement of dialogue on PTA

According to official sources, the PTA will envelop tariff and non-tariff barriers (NTBs) which will aid Pakistan in diversifying its export portfolio to Saudi Arabia

As trade deficit declines, export growth disappoints

Growth in imports has stalled, but the rise in exports has failed to deliver tangible results and should be a cause of concern for the government

Mini-budget supports exports, but increases fiscal consolidation challenges: Moody’s

It projected the deficit to widen to 6% of GDP in fiscal 2019 due to revenue growth possibly being below government forecasts, slower economic growth and the new revenue-based incentives

Aside Chinese CPEC linked inflows, FDI witnessed no major activity in Q1-FY19: SBP

About portfolio investment, the central bank said net outflows accelerated in the first quarter (July-September) of FY19 due to foreign selling doubling from local bourses compared to the same period in 2017

Computer services have fueled ICT exports in recent years: SBP

The central bank said the country’s informal exports were higher than its formal exports and projections by industry experts put the total size of its ICT exports at $2.5 billion

Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports

Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business

ECC seeks revenue impact of withdrawal of duties on cotton imports

ISLAMABAD: As the government is already facing a revenue shortfall of Rs125 billion during the past six months due to the relaxation of taxes...

AirSial ready for takeoff, gets go-ahead from PM Imran

Prime Minister Imran Khan on Friday granted approval for the launch of a new private airline, AirSial, from Sialkot International Airport.

Senate panel asks automobile companies to brief on quality standards, price ranges, tax matters

The meeting chaired by Senator Ahmed Khan on Thursday discussed the total number of vehicles sold, the amount of tax paid, details of spare parts produced locally and imported from abroad and fulfilment of corporate social responsibility role by Toyota, Honda and Suzuki motors.

Pakistan remained a net loser in FTAs with Indonesia, China, Malaysia and Turkey: Dawood

Govt planning to give a comprehensive industrialisation policy, wherein, the focus will be on engineering, chemical, IT and agriculture sectors instead of the textile sector alone, said Dawood

Govt mulling to introduce structural policies for boosting exports by 15% till 2023

Commerce ministry has proposed to gradually lower down the regulatory duties on tariff in order to improve the export competitiveness

Rupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19

Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year

China’s November export, import growth shrinks; surplus with U.S. record high

China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month

Differences over devaluation surfaced in fiscal policy board meeting

Finance Minister asks SBP to develop information sharing mechanism on major decisions, meanwhile, government expects improvement in economy after January 2019

German companies keen to invest in Pakistan’s IT, auto sectors: Envoy

German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan

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