Commercial Importers protest against inclusion of raw materials in finished goods schedule

Karachi, June 22, 2020: Amin Yousuf Balgamwala, chairman PCDMA & former director of Karachi Stock Exchange has expressed serious concerns over the inclusion of certain industrial raw materials in the category of finished goods in the budget 2020-21 and demanded re-entry of industrial raw materials in Part 2 by maintaining the previous rate of income…

Read More

Pharmaceutical goods’ export increase over 8pc in 5 months of FY 2019-20

Karachi, December 27, 2019: The exports of pharmaceutical product during the first five months of financial year (2019-20) grew by 8.66 percent as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $92.714 million during July-November (2019-20) as against the exports of $85.323 million during July-November (2018-19), showing…

Read More

Shabbar Zaidi directed customs wing to ensure proper valuation of goods

Karachi, September 17, 2019: On directions of Chairman Federal Board of Revenue, Syed Muhammed Shabbar Zaidi, Customs Wing has updated and issued the Units of Measurements used in import and export documents, in order to ensure proper valuation of goods. This action will further improve consistency, transparency and uniformity in data capturing as per international…

Read More