ISLAMABAD: Prime Minister Imran Khan on Wednesday directed to formulate a comprehensive plan to reduce dependence on imported plastic scrap. In this regard, he directed to take inspiration from the waste import ban of China. China’s waste import ban, instated in 2017, prevented foreign inflows of waste products. Starting in early 2018, the government of … Read more
KARACHI: The rupee registered a slight decline of 10 paisas against the dollar on Tuesday because of higher demand for import payments, dealers said. The exchange rate ended at Rs161.33 against the greenback from the previous day’s closing of Rs161.23 in the interbank foreign exchange market. The currency dealers said the rupee slipped because of … Read more
KARACHI: The import of mobile phones has surged 52 per cent to Rs330 billion during the fiscal year 2020/21, owing to higher demand for the financial services in the wake of the coronavirus pandemic, according to the data released by the Pakistan Bureau of Statistics. The import of mobile phones increased to Rs330 billion during … Read more
KARACHI: The rupee fell to a nine-month low of 161.48 against the dollar on Monday, owing to higher demand for import payments, amid the upcoming Eid holidays. Previously, the exchange rate was seen at Rs161.37 to the dollar on October 23, 2020. The local currency fell Rs1.54 to the dollar from last Friday’s closing of … Read more
KARACHI: The state-owned Trading Corporation of Pakistan (TCP) has issued an international tender for the supply of 500,000 tonnes of wheat to be delivered in Karachi during August and September, 2021. According to the TCP, 200,000 tonnes milling wheat of the latest crop is required to be delivered in August and 300,000 tonnes in September. … Read more
Russia has allowed the import of rice from 4 Pakistani enterprises from Friday (today) on the basis of guidelines. The decision was taken on the basis of the implementation of measures proposed by the Department of Plant Protection (DPP) of the Quarantine Division of the Ministry of Food Security. At the Pakistani embassy in Russia, … Read more
KARACHI: The rupee extends losses against the US dollar on Tuesday, as the demand for the foreign currency rose for import and corporate payments, dealers said. The rupee fell 47 paisas to close at Rs155.78 against the greenback from the previous day’s closing of Rs155.31 in the interbank foreign exchange market. The local currency lost … Read more
UAE: Good news for Pakistani overseas in Dubai and around the world. You may soon be allowed to import one hybrid car to your home country upon presenting proof of remitting $100,000 using legal banking channels within two years. The move will not only benefit the overseas Pakistanis but will also help improve foreign exchange … Read more
The federal government on Monday allowed the import of life-saving medicines from India in order to provide relief to patients amid bilateral tensions with New Delhi over the illegal annexation of Indian-occupied Kashmir last month. The permission to import and export medicines to and from the Hindu-majority country was granted by the Ministry of Commerce, … Read more
