Tag: Import

KARACHI - Pakistan Automotive Manufacturers Association (PAMA) has threatened the government that if the proposed new entrant policy for new auto manufacturers was approved, the business and development of local auto parts venders would be severely affected.
Talking about the proposed new entrants policy, director general PAMA Abdul Waheed Khan, , said that under the proposed policy, the new entrants are allowed to import at 32.5 percent duty without using local components for a

KARACHI - Pakistan's imports of POL products in 2010-11 could hit its highest mark of $12.50 billion if crude oil prices stayed at around $90 per barrel. The POL imports bill aggregated to around $10.60 billion in 2009-2010, however, it might balloon to $12.50 billion in 2010-11. Oil prices have averaged $79.5 per barrel and the oil import bill for the fifth month of 2011 stood at $4.3 billion, up 13 percent from the corresponding period last year.
"A sensitivity analysis was

LAHORE - Agri Forum Pakistan has opposed the import of Indian sugar and termed it wastage of valuable foreign exchange of the country and great injustice to the growers. This was stated by Forum Central Chairman Ibrahim Moughal at a meeting attended by representatives from sugarcane areas in different parts of Punjab. The meeting was called to review the production, availability and sugarcane prices in different areas.
It was claimed that the crop production was higher than last

LAHORE - Former Executive Committee Member of Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Tahir Javaid Malik has hailed the Commerce Ministry decision to withdraw SRO regarding used cars import under personal baggage, gift and transfer of residence schemes.
In a press statement issued here on Friday, Tahir Javaid Malik said that the decision would go a long way and local vending industry would get a new lease of life. He said that the

LAHORE - The government's decision to relax import of used vehicles has triggered greater problems instead of improving the situation, stakeholders of the automobile industry told Pakistan Today.
The government, with this decision, had claimed control of automobile prices in the local industry, however, stakeholders lamented that the government had played a trick with the industry. Stakeholders said that the government had allowed import of five years old vehicles but had not

ISLAMABAD: Pakistan has raised the issue of cotton bales with India asking it to respect deals already finalised by the private sector of the two countries. This was stated by the Minister for Textiles Rana Muhammad Farooq Saeed Khan, while talking to media following a meeting of the National Assembly Standing Committee on Textiles.
He said that Pakistan has asked India to allow import of 300,000 bales of cotton for which deals had already been signed. "We have asked India not

ISLAMABAD: Official sources have indicated that Japan plans to import Pakistani mangoes from next year and has shown keen interest in investing in the country's dairy and horticulture sectors.
An eight-member delegation of the Japan Agriculture Association (JA) group led by its Vice Chairman Yasuhiro Nakagawa held meetings with the Agriculture Minister Nazar M Gondal and officials of Board of Investment (BOI) here on Monday.
According to official sources, JA delegation was

ISLAMABAD: Delay in the resolution of legal issues arising from public sector imports have forced the government to fast track imports of Liquefied Natural Gas (LNG) through the private sector, to meet the rising power demand by the industrial sector in the country.
According to official sources, the government has decided that the private sector will be granted permission to import LNG up to the upper limit of one billion cubic feet per day (BCFD).
However the government

ISLAMABAD: Minister for Industries and Production Mir Hazar Khan Bijarani has informed the National Assembly that a summary proposing the easing of restrictions on the import of reconditioned light transport vehicles (LTV) has been sent to Economic Coordination Committee (ECC) in order to decrease prices of such vehicles in the domestic markets.
In response to various queries, he confessed that the prices of LTV in the country are relatively high and meetings with manufacturers