Tag Archives: Imports

PAC slams reversing of decision to allow used cars’ imports

PAC slams reversing of decision to allow used cars’ imports

ISLAMABAD – The special committee of the Public Accounts Committee (PAC) on Friday criticised the government for reversing the decision to allow the import of three to five year old used vehicles in the country.
The special committee meeting, chaired by Khawaja Muhammad Asif, called the decision anti-consumers, adding that automobile manufacturers in the country were selling low quality vehicles at exorbitant prices. Zafar Mehmood, secretary of the Ministry of Commerce, told the

Turkey to impose new duty on fabric imports

KARACHI – Pakistan is mulling using diplomatic channels to protect its exports of woven fabric which are likely to suffer a major blow in Turkey which intends to levy anti-dumping duty on garments and fabrics imports to protect its domestic manufacturers. As Pakistan has garnered a significant share in Turkish imports, particularly in the markets of Denim and Gray Cloth, the fresh move would impact strongly on Islamabad’s exports to the foreign country, sources have said.

Govt finalising LNG imports this month

ISLAMABAD – The government has decided to settle the issue of Liquefied Natural Gas (LNG) imports within the current month, Pakistan Today has learnt.
If the present proposal of awarding tender to the already selected bidder for short term supplies was not approved, a fresh bidding process would be initiated immediately, official sources told the paper.
It has been decided that if the Economic Coordination Committee of the cabinet failed to evolve a consensus on the

Cell phone imports grow by 213 percent

ISLAMABAD – Cellular phone handset import in the country has witnessed a whopping growth of 213 percent in November 2010 as compared to same month of last fiscal year. Such imports have increased to $43.416 million in November 2010 compared to $13.869 million in the same month of 2009.
The significant increase in imports depicts the rise in demand in local markets to meet the consumers’ needs in the different cities including flood-hit areas. Federal Bureau of Statistic’s (FBS)

PM may annul relaxation on car imports

KARACHI – Several importers have placed orders to import cars following the government’s decision to allow import of up to five years old second hand cars, sources told Pakistan Today on Thursday. Sources have learnt that approximately 6,000 second hand cars are being imported by different parties, investors and individuals.
However, the decision to import up to five years old cars has embarrassed the government as auto manufacturers in the country, seeking its reversal, have

Exports rise 19%, imports 21%

KARACHI: Pakistani exports grew by 19 percent during July to November this year as compared to the same period last year even after the devastating floods played havoc with the economy, statistics from the Federal Bureau have revealed.
Even though the increase in exports is encouraging, the government needs to keep an eye on the increasing imports, the sources added. Exports increased by 19 percent whereas imports showed an increase of 21 percent during the fiscal period of

EU unlikely to lift ban on seafood imports from Pakistan

KARACHI: The European Union (EU) is unlikely to lift a ban on the import of seafood products from Pakistan since the Sindh government and the Karachi Fish Harbour authorities are seemingly reluctant to comply with the EU’s instructions, Pakistan Today learnt on Friday.
The EU had barred seafood imports from Pakistan in April 2007, an action taken following EU’s inspectors visit to Pakistan. The inspectors had found the industry’s food processing to be substandard, causing

Japan evinces interest in garlic and ginger imports

LAHORE: Punjab Board of Investment and Trade (PBIT) Chief Executive Officer Saadat Muzaffar has said that Punjab has developed infrastructure for the facilitation of foreign investors.
PBIT provides technical support and assistance to foreign investors initiating projects in Punjab. He was speaking to a nine member delegation of Japanese Agriculturists (JA).
The delegation was headed by JA Vice Chairman Yasuhiro Nakagawa and President Kyoto Union of Agriculture