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Tag Archives: Exports

Govt apathy to be blamed for declining trend in rice export

 Pakistani exports are likely to suffer as arch-rival India is employing better techniques to grab the market Indian farmers get subsidy on fertilizers, seeds, pesticides and electricity unlike their Pakistani counterparts   LAHORE: Rice exports are likely to be declined as the government is unwilling to facilitate the farmers while India is doing its best to grab the international market. Pakistani rice is popular across ... Read More »

Trade resumes thru Wagah border after three days suspension

LAHORE: The trade between Pakistan and India Wednesday resumed after three days of suspension. Trade was halted after a suicide bomb attack on Sunday evening near Wagah border in Pakistan that left 60 people dead and several others injured. Currently, India exports perishable commodities mainly vegetables such as tomato, potato, ginger besides soya to Pakistan. While Indian traders import cement, gypsum, ... Read More »

Pakistan exports goods worth Rs 309 million via Wagha Border

LAHORE: Pakistan has exported goods worth Rs 309 million to India during October 23-31 to India via Wagha Border Lahore. As per available document, Pakistan exported dried fruits, salt, cement, gypsum, cotton, scrap and lime stone etc. The documents showed that 2065 metric ton dried fruits like dates, figs and guavas worth Rs 98 million were exports. Moreover, 75 metric ... Read More »

Energy crisis: Textile industry faces $1.2b loss in six months

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has said that the textile industry has to bear $1.2 billion loss during the last six months due to acute power shortage and it will have to face further $2.2 billion loss in future, if the energy crisis is not overcome. S M Tanveer, addressing the press conference, said ... Read More »

Customs agents want 15 more days for renewal of licenses

KARACHI: The Customs agents have appealed to extend deadline for renewal of licenses which expired today. Talking to Customs Today, the customs agents said that date for renewal of licenses of customs agents expired on October 31 and many agents had not been able to submit forms due to Eid holidays and shortage of some related documents. They appealed to ... Read More »

Govt wants tax-to-GDP at 15%, deficit down to 4.7%: Dar

ISLAMABAD: Pakistani Constitution guarantees fundamental human rights and the present government attaches great importance to implementation of all relevant laws and regulations which safeguards these rights. Finance Minister Senator Mohammad Ishaq Dar stated this while talking to European Union Special Representative on Human Rights Stavros Lambrinidis and EU Ambassador Lanrs-Gunnar Wigemark who called on him here. On the occasion, the ... Read More »

South Korea shows current account surplus for 31 months: BOK

SEOUL: South Korea showed a current account surplus for 31 months in a row due to robust export growth, according to Bank of Korea (BOK) Wednesday. Current account surplus was 7.62 billion U.S. dollars in September, up from a 7.2 billion-dollar surplus in August, according to the bank. It marked the 31st consecutive month of surplus. For the first nine ... Read More »

Shipping agents defer plan to move court against Port Qasim

KARACHI: The shipping agents have deferred their plan to move court against Port Qasim administration, Customs Today learnt on Monday. The sources said the issue regarding bills delays has been settled between shipping agents and Port Qasim in a meeting in which the administration decided that reservations of shipping agents would be removed. After the meeting, shipping agents decided that ... Read More »

APTMA rings alarm bells over 22% decline in exports  in 6 months

LAHORE: All Pakistan textile Mills Association (Aptma) Central Chairman S.M Tanveer has showed grave concerns over continuous decline in textile exports over the last six months. S.M. Tanveer, chairman of the association, apprehended that textile industry will lose $2.3 billion exports in case no immediate remedial mea­sures are taken on energy supply by the government. Tanveer further predicted decline in ... Read More »

$2.3b loss: Aptma rings alarm bells over 22% decline in exports  

LAHORE: All Pakistan textile Mills Association (Aptma) Central Chairman S.M Tanveer has showed grave concerns over continuous decline in textile exports over the last six months. S.M. Tanveer, chairman of the association, apprehended that textile industry will lose $2.3 billion exports in case no immediate remedial mea­sures are taken on energy supply by the government. Tanveer further predicted decline in ... Read More »

Customs Exports Collectorate issues notice to Textilers company

KARACHI: The Model Customs Collectorate (MCC) of Exports has issued final show-cause notice to Textilers (Private) Limited with a warning that in case the company fails to appear on the October 27, the case will be decided without them. According to a letter issued by MCC of Exports Deputy Collector Ali Waheed Khan, the case had decided to be heard ... Read More »

GSP Plus opens new avenues for economic stability: President

BAHAWALPUR: President Mamnoon Hussain has said that the concept of trade instead of aid after achieving the status of GSP Plus has opened new avenues for economic stability of the country. Addressing the 7th convocation of Islamia University here on Friday, he said President Mamnoon Hussain said that government is trying its best to overcome energy crises and the appreciation ... Read More »

Pakistan’s exports plunge 12.45 percent in Q1

LAHORE: Pakistan’s exports plunged 12.45 percent during first quarter (July-September) of current fiscal year as compared to the same period of last year trading. As per details, Pakistan exported food products worth Rs 88.70 billion during July-September, while in 2013 food items worth Rs 100.87 billion were exported in the same duration. Food exports faced a 12.07 percent loss. Rice, fruits, fish, vegetables, ... Read More »

Low exports swell current account deficit to $1.33b

KARACHI: SBP data revealed that country’s current account deficit in the first three months of 2014-15 remained $1.33 billion, expanding by $62 million as compared to the same three-month period of the preceding fiscal year. As a percentage of the gross domestic product (GDP), the current account deficit stood at 1.8% in July-September as compared to 2.1% in the same ... Read More »

Current account deficit stands at $1.33b, widens by $62m: SBP

KARACHI: SBP data issued on Monday revealed that country’s current account deficit in the first three months of 2014-15 remained $1.33 billion, expanding by $62 million as compared to the same three-month period of the preceding fiscal year. As a percentage of the gross domestic product (GDP), the current account deficit stood at 1.8% in July-September as compared to 2.1% ... Read More »

Train service between Pakistan and Turkey on the cards

Goods from Islamabad will reach Istanbul via Iran in 15 days Officials of both Pakistan and Turkey have discussed this issue recently at recent meetings in Turkey        ISLAMABAD: A new train service between Asia and Europe is on the cards. The service will enable Pakistani exports to reach Turkey via Iran in 15 days. Pakistani exports to ... Read More »

Pakistan, Turkey agree to achieve $2 billion trade target: Dastgir

ANKARA: The economic managers of both Pakistan and Turkey have agreed to take necessary steps to further solidify commercial relations. Various proposals to this affect were discussed and agreed during the 15th session of Turkey-Pakistan Joint Economic Commission (JEC) which concluded on Thursday. Federal Minister for Commerce of Pakistan Engineer Khurram Dastgir Khan and Turkish Minister for Environment and Urbanization ... Read More »

Efficient logistics & shipping system crucial for boosting exports: SM Munir

KARACHI: Chief Executive of TDAP S.M. Munir said that it was government’s top most priority to increase the exports of the country and TDAP was striving hard for achieving this goal. He said he would fully support the ideas of development of Transportation, Shipping, Logistics, Supply Chain and Management. S. M. Munir was the chief guest in professional shipping, logistics and ... Read More »

Commerce Ministry fears fall in exports to Afghanistan after NATO withdrawal

 Ministry of Commerce official says they are looking for alternative markets to bridge gap in exports Afghanistan is second largest importer of Pakistani goods after United States   By M ARSHAD   ISLAMABAD: The Ministry of Commerce (MoC) has started looking for alternative markets to bridge a gap in exports due to possible reduction in Pakistani exports to Afghanistan after ... Read More »

12 Customs officers of BS 19-20 assume charge

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding relinquishment/assumption of charges by 12 Pakistan Customs Service (PCS) officers of BS19-20. As per details, Rubina Wasti, (PCS/BS-20) after the Board’s Notification No 1589-CI/2014 dated 19.08.2014, has assumed the charge of the post of Director General (OPS), Directorate of Internal Audit (Customs), Karachi. Dr Nasir Khan, (PCS/BS-19), in pursuance of ... Read More »