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Tag Archives: stakeholders

$13b to $26b exports, 3m jobs creation target: Textile ministry to hold conference

ISLAMABAD: With the aim to create awareness among all stakeholders about GSP-Plus compliance and to boost export from $13 billion to $26 billion along with three million job creation target, the textile ministry has decided to organise conference in December. According to an official announcement, the biggest global buying chains would participate in the conference. It said that the conference ... Read More »

Sugar millers set to join hands with FBR to widen tax net

LAHORE: The sugar industrialists have expressed their willingness to further boost tax-to-GDP ratio for the revival of economy in the country. Pakistan Sugar Mills Association (PSMA) Punjab zone Chairman Javed Kayani, while talking to media, said that announced that sugar industry was ready to work with Federal Board of Revenue (FBR) to enhance tax net. He said that despite restrictions ... Read More »

Customs value of iron, non-alloy steel wire rod fixed

KARACHI: The Directorate General of Customs Valuation has determined the customs value of iron or non-alloy steel wire rod low/high carbon (draw quality) vide Valuation Ruling No. 693/2014 No. Misc/26/2014-VI dated September 26, 2014. The customs values of the said goods were determined under Section 25A of the Customs Act 1969 vide Valuation Ruling No. 550 dated April 23, 2013. ... Read More »

LCCI urges CM Punjab to take notice of education tax

LAHORE: Lahore Chamber of Commerce & Industry has urged the Chief Minister Punjab Mian Shahbaz Sharif to take notice of the imposition of heavy commercialization tax on the education sector and sealing-off the private schools by the Lahore Development Authority (LDA). Member Punjab Assembly Nasreen Nawaz and All Pakistan Education Promotion Movement Chairman Fayyaz Khan were also present on the ... Read More »

Valuation ruling of shoe polish issued

KARACHI: The Directorate General of Customs Valuation has determined the customs value of shoe polish through Valuation Ruling No. 691/2014 No. Misc/05/2014-II dated September 25. The exercise to determine the customs values of shoe polish was initiated after the case was remanded back by the director general, Customs Valuation vide Order in Revision No. 64/2014 dated 18.8.2014 against Valuation Ruling ... Read More »

Assessment for Trade Policy 2012-15’s implementation started

ISLAMABAD: The Ministry of Commerce (MoC) has started assessment of implementation on the Strategic Trade Policy Framework (STPF) 2012-15. At same time, process of preparation of new national trade policy has also been kicked off which will be completed by the end of next year. Reliable source has told Customs Today that MoC had started collecting data of achieved milestones ... Read More »

PIAF vows to undo anti-business SROs

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF)-Founders Alliance will gear up efforts for withdrawal of all anti-business SROs like the way it has done in the past. This was stated by the alliance leaders while addressing the business gatherings on Hall Road, Chamberlane Road, Rexine Market here during elections campaign. Speakers including Mian Anjum Nisar, Sheikh Muhammad Asif ... Read More »

Amends made to valuation ruling of auto-parts

KARACHI: The Customs Valuation has made a number of amendments to the Valuation Ruling No.661/2014 after a thorough examination and threadbare discussion with stakeholders. According to a letter No Misc/22/2009-VIIIA/7445 dated August 29, issued by Customs Director (Valuation) Abdul Rashid Sheikh, the Customs values of various replacement auto-parts were determined vide Valuation Ruling No.661/2014 dated March 3, 2014 and amendments ... Read More »

Compliance with EU conventions underlined to reap GSP+ benefits

LAHORE: The experts have warned the government, the industry and other stakeholders to ensure compliance with 27 Conventions for continuation of free market access to EU countries under GSP plus status, as Sri Lanka lost the status in 2010 owing to its failure to comply with the Conventions related to human and labour rights. In its report, the Pakistan Business ... Read More »

Prudent policies boost exports significantly

ISLAMABAD: What is being attributed to the prudent policies of the incumbent government, export of the country increased significantly during the period July-March 2013-14. As a result of government steps, the textile exports increased by 8% generally, while exports in all value added categories showed higher increased i.e. bed wear by 21%, hosiery by 10% and readymade garments by 9%. ... Read More »