Chinese envoy meets PM; says next CPEC stage to focus on investing, buying more from Pakistan

ISLAMABAD: Chinese Ambassador in Pakistan Yao Jing met Prime Minister Imran Khan on  Thursday and said the next stage of China Pakistan Economic Corridor...

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.

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

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

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

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...

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

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

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

PSMA to shut down sugar mills in upcoming season if issues not addressed

ISLAMABAD: Pakistan Sugar Mill Association (PSMA) has decided to shut down sugar mills rather than bearing a loss of Rs15 per kg on the...

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

Pakistan mulling to slap 200% regulatory duty on Indian imports: Report

Earlier this week it was reported Pakistan’s cement exporters have been directed to recall their containers which were set for India, upon the request of Indian importers after their government imposed a 200% increase in duty on several products

The global halal trade: Is Belgium the next frontier for Pakistani exports?

A growing Muslim population and rising non-Muslim interest in halal products is a market waiting to be captured

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

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

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