Federal cabinet rejects importing sugar, cotton from India

ISLAMABAD: The Federal Cabinet today (Thursday) turned down deferred the Economic Coordination Committee’s (ECC) decision to import sugar and cotton from India through land and sea routes. The decision has been deferred until India reinstates Article 370 of its Constitution,

Oil import bill shrinks by 21.7% to $6.44bn

ISLAMABAD: The oil import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth $6445.601 million during July-February (2020-21)

Oil import bill shrinks by 20.90% to $5.64bn

ISLAMABAD: The oil import bill witnessed a reduction of 20.90 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751

Export increased by 5.8% in July 2020 despite lockdown: Adviser

ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Pakistan witnessed an increase in exports despite the coronavirus lockdown. The adviser said that according to the trade summary report, exports for the month of

India’s gold imports plummet 99.5% to three-decade low

MUMBAI: India’s gold imports plunged 99.9% year-on-year in April to their lowest in nearly three decades as air travel remains suspended and jewellry shops were closed amid a nationwide lockdown to curb the spread of coronavirus. The world’s second-biggest consumer

Import substitution necessary to save foreign exchange reserves: FPCCI

KARACHI: A meeting of Federation of Pakistan Chambers of Commerce and Industry’s Advisory Council on Budget Proposals has said that import substitution industry is indispensable to save foreign exchange reserves. The meeting comprising of senior businessmen, former tax officials, experts

ECC approves 0.3mn tonnes duty-free wheat import

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved the import of 0.3 million tons of wheat without regulatory duty due to an unprecedented price hike and countrywide shortage over the last few days. The ECC meeting

Cargo import, export reaches 66,600 tones at Khunjerab Pass

ISLAMABAD: The Federal Ministry for Information on Monday has said that import and export with China have reached 66,600 tones in the first eleven months at Khjunrab  Pass in northwest China’s Xinjiang region. In a twitter message, the Ministry for

Pakistan to import polio markers from India

ISLAMABAD: The federal cabinet on Tuesday has decided to give one-time permission for import of polio markers from India and reduce prices of 89 medicines by 15 percent. The markers, which are used to mark the fingers of chil­dren after