Seeing is believing

Imported goods are going to become more expensive

200% duty hike on Pakistani cement and onions as Delhi revokes Islamabad’s status as favoured trade partner

The national debt stands at $190 billion as of November 2018

Agriculture, housing part of plan to create 3m jobs, grow exports $5b

Trader ability to import in bulk disturbed as duties rose

Is urbanisation putting pressure on our import bill?

Moody’s says challenges will remain in the form of too many imports and borrowing related to CPEC projects

The US earlier announced new tariffs on $200b Chinese products

U.S. President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.

The dollar rose to Rs128 in the interbank market on Monday, a 5.3% increase from July 13 when it was trading at Rs121.46

KUALA LUMPUR: Malaysia, which until recently had been one of Pyongyang’s closest friends, has halted all imports from North Korea, as part of global efforts to cut off funding over its nuclear and missile programs, reported Reuters. Malaysia did not buy any goods from North Korea in June and July, after buying 20.6 million ringgit…

DUBAI: The value of Qatar’s imports rebounded sharply in August compared to the previous month, government data showed on Wednesday, suggesting the economic impact of sanctions imposed by other Arab states is fading, reported Reuters. Imports plunged by over a third after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport…

ISLAMABAD: Import of edible oil into the country including soya bean and palm oil during first five months of current financial year reduced by 33 percent and 6.93 percent respectively as compared to the imports of corresponding period of last year. Soya bean oil import into the country during the period from July-November, 2016 reduced…

ISLAMABAD: The federal government on Friday announced reduction of customs duty on import of LED lights and kept the exemptions for import of solar panels and related components. Finance Minister Senator Ishaq Dar announced the relief measures during his budget speech here at the floor of the National Assembly. He announced that customs duty on…

Belgian Vessel Exquisite docked at Port Qasim near Karachi has been instrumental in regasification of LNG imported from Qatar since March 2015. European captains and engineers, with the help of Philippine sailors carry out operations aboard this ship weighing 83,163 tons. “We enjoy the regasification task while staying on the vessel; after all, we are…

Pakistanis, having a special love for foreign and imported items, will soon have an opportunity to relish on the milk of cows of American origin. Some 300 Holstein heifers have reached commercial farms in agriculture-rich Punjab province. In a bid to acclimatize the animals to relatively harsh weather conditions, special cooling arrangements have been made…

Wherein most of the commodities prices have declined to record lows in the international market. In Pakistan there has been an opposite surge where prices of basic commodities have inflated. Different market associations, trader alliance have increased the rates of pulses, rice, sugar and milk from 10 to 15 percent. Which itself is indicative of…

ISLAMABAD: The mobile phone imports into the country increased by 15.86 percent during first 11 months of the year 2014-15 over the same period of last year. The imports of mobile phones into the country during July-May (2014-15) were recorded at $653.808 million against the imports of $564.293 million during same period of last year,…

MUMBAI: Pakistan has extended its ban on gold imports to March 31, the finance ministry said on Tuesday, as it tries to stop smuggling to India where high import duties have made supplies scarce. India's import duty of 10 percent and tight restrictions on supplies to rescue state finances have virtually dried up legal imports…

Staff ReportISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has placed a temporary ban on the import of gold.The decision to this effect was taken in the ECC meeting chaired by Federal Finance Minister Ishaq Dar yesterday.The ECC decided to place the ban for one-month period with immediate effect. The move is aimed to…