Tag: Import

The Upper House of parliament was told on Thursday about the successful agreements to import electricity from Iran on low rates. Senators Lashker Raisani and...

China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about...

Trading Corporation of Pakistan (TCP) is arranging an import of 100,000 tonnes of urea fertiliser to give a blow to the hoarders and to...

Brazil will take new steps to protect local industries from a strong exchange rate, including an investigation of Chinese imports that come in improperly...

Trade Development Authority of Pakistan (TDAP) Chief Executive Officer Tariq Iqbal Puri has said that for the first time ever, exports have surpassed the...

Connect 2011 was inaugurated at Karachi Expo Centre on Tuesday. Speaking on the occasion, managing director Pakistan Software Export Board (PSEB) Zia Imran said...

JAKARTA - The Indonesian finance ministry would not extend permit, which expired on Thursday, to import rice and the State Logistic Agency (Bulog) should rely more on domestic production for meeting its rice stockpile target, a minister said here on Thursday. The decision was made as the country had great rice harvests since February and the agriculture ministry had allowed the agency to purchase rice of any quality. "After today, Bulog must meet national rice stockpile from domestic

ISLAMABAD - Norway's largest fruit and vegetable distributor, Bama-Gruppen AS, has decided to enhance fruit purchases from Pakistan with a special focus on importing mangoes this year. Norwegian Ambassador Robert Kvile revealed this to a delegation of the Federation of Pakistani Chambers of Commerce and Industry (FPCCI).
The envoy indicated that a delegation of the Norwegian company recently visited Pakistan and decided to enhance investments as well as imports. Bama-Gruppen is

ISLAMABAD - Pakistan may import up to 150,000 tonnes of palm oil in April because of less carry over stock, but buying will slow down during the peak summer months of May and June, a top industry official said.
Pakistan, the world's fourth-largest buyer of vegetable oil, bought less in February because of heavy imports in the preceding months, but buying picked up in March, with 110,400 tonnes purchased from Malaysia between March 1-25.
"Pakistan's palm oil imports may

ISLAMABAD - The government remains ambivalent on reducing duty and other taxes on the import of bulletproof vehicles amid serious threats to the life of prominent politicians and religious leaders of the country from terrorists.
According to sources in the ministries of Interior and Finance, the proposal to reduce duty and taxes was forwarded by Senator Waqar Ahmad Khan a few months ago after he received threats when as a federal minister. Waqar, as privatisation minister, had

LAHORE - The Ministry of Commerce (MoC) has reissued its previous proposal for allowing the commercial import of second hand buses up to three years old on condition that such buses are first certified by a reputable pre-shipment inspection company which furnishes confirmation to the effect that the vehicle in question has a road life of at least five years.
Ministry of Commerce in a summary for the Economic Coordination Committee of the Cabinet proposed that the commercial

MANAMA - Gulf states were sending troops into the troubled island state of Bahrain on Monday in a move Shia opponents of the Sunni Muslim rulers of the Gulf kingdom said would be a declaration of war. Bahrain, which lies off the coast of Saudi Arabia, called in forces from its Sunni neighbours to put down unrest by its Shia Muslim majority after protesters overwhelmed police and blocked roads in a resurgence of mass protests seen last month. Nabeel al-Hamer, a former information

KARACHI - Pakistan has lifted ban on import of plants/machineries used to make bio-products for the value addition of rice from India. According to sources, the Federal Cabinet in its recently held meetings has approved the release of ban on import of Rice Braun Oil (RBO) plants from India to ensure the value addition of Pakistani exportable rice.
This step, sources said, was taken by the government after the recent visit of President Asif Ali Zardai to Japan where Pakistani

LAHORE - The Lahore Chamber of Commerce and Industry welcomed the Federal Government decision to allow import of rice bran edible oil extraction machinery from India and termed it a step towards right direction that is bound to expedite business activities in the country.
In a statement issued here on Thursday, the LCCI President Shahzad Ali Malik said that the Prime Minister Yousaf Raza Gillani, Federal Minister for Commerce Makhdoom Amin Fahim and Federal Secretary Zafar

ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Tuesday allowed import of 7 more items from India to improve the competitiveness of the local industrial sector, increasing the total of importable items to 1,942. The items added to the list were raw material and machinery not manufactured in India including tools for tapping threads, plant and machinery for extraction and refining of rice barn oil, laboratory testing equipment,

LAHORE - To overcome the growing natural gas shortages, Punjab Board of Investment and Trade (PBIT) has been coordinating efforts of importing Liquefied Natural Gas (LNG) for large industrial consumers. A meeting was held under the chairmanship of PBIT Chief Executive Officer Saadat Muzafar here on Wednesday, which was attended by industrialist and business leaders.
International delegates of LNG companies were also present in the meeting. In the meeting, an overview of the

KARACHI - Philippines has allowed the private sector to import almost 163,000 metric tonnes (MT) of rice as unpredictable weather has forced world food authorities of tightening staples' supplies. The Pakistani embassy in Manila has suggested Islamabad to approach the foreign country to tap the opportunity of getting more market share in the world's top rice importing country.
Countries like Thailand, China, India and Australia would be exporting a large quantity of rice after