COLOMBO: Sri Lanka’s merchandise exports were recorded at $12.48 billion in 2021, surpassing the country’s export revenue target of $12.14 billion, local media citing provisional data from the Export Development Board (EDB) reported on Saturday. Minister of Trade Bandula Gunawardena was quoted by the Daily FT as saying that Sri Lanka’s merchandise export revenue grew … Read more
KARACHI: The Federal Board of Revenue (FBR) has made it mandatory for the car assemblers/manufacturers to pay an amount as an interest to the buyers on late delivery of motor vehicles, a notification issued on Thursday revealed. “The importer-cum-assembler or Original Equipment Manufacturer (OEM) shall pay Kibor + three per cent per annum to the … Read more
The Pakistan Business Council (PBC) and the Engineering Development Board (EDB) on Tuesday signed a Memorandum of Understanding (MOU) for collaboration to develop Pakistan’s Engineering Goods and Services Sectors. Chairman EDB Almas Hyder and Chairman PBC Saquib Shirazi, signed the MOU on behalf of their respective organizations at the Lahore Chamber of Commerce & Industry. … Read more
