Islamabad, July 12, 2019: Turkey should remove local preventive in PTA/FTA with Pakistan, this was stated by Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry in a press release issued. He said that in the past textile exports to Turkey was based on normal tariffs of imports but…
Karachi, July 12, 2019: Pakistan Automotive Manufacturers Association (PAMA) released the latest auto sales data for Jun’19, portraying a drop of 2 percent MoM / 5 percent YoY to 17,561 units. The decline in sales can be attributable to religious holidays in the month of June and a significant increase in car prices due to…
Industries Shutdown, Millions of Workers Jobless, Khawar Noorani. Prime Minister Save Industries from destruction & reduce taxes, Ex-Chairman PYMA Karachi, July 12, 2019: Khawar Noorani, Ex-Chairman, Pakistan Yarn Merchant #39’s Association (PYMA), requested to Prime Minister Imran Khan to Save Industries from destruction and demanded to reduce Taxes on Export Oriented Industries. In a statement,…
Karachi, July 12, 2019: Pakistan Stock market remained lacklustre on Friday, following the trend seen in recent past sessions. The source of Low volumes and lack of investor confidence in equities appears to be a higher interest rate, which was further aggravated by an earlier than anticipated schedule of Monetary Policy. As per SBP, Monetary…
Karachi, July 12, 2019: Yousuf Yaqoob, Chairman, Pakistan Weaving Mills Association (PWMA) has criticized the imposition of 17 percent sales tax on domestic weaving industry. According to PWMA Chairman, the imports of yarn without payment of sales tax by the export-oriented units (EOUs) through Indemnity Bonds and DTRE for exports will jeopardize the existence of…