LAHORE: The flourishing illicit trades of tobacco, tea, tyres, lubricants and pharmaceuticals are denting the national exchequer with a loss of Rs320 billion annually in taxes. The lack of political will, corruption in tax administration and political influence of evaders are the main causes of the illegal trades. Unabated smuggling, counterfeit and non-duty paid production … Read more
KARACHI: Irfan Ahmed, an electric generator assembling business owner in Karachi and a Perkins’ authorised distributor, calculates at least 20 per cent decline in his January revenues and predicts a similar trend in the months ahead. “Just in two days, the cost of materials and parts we use surged around 10 per cent because … Read more
ISLAMABAD: Pakistan and Uzbekistan on Wednesday vowed to attract leading companies in pharmaceuticals, textiles, leather, production of construction materials and agriculture industries. The decision was taken during the sixth meeting of the Uzbek-Pakistani Intergovernmental Commission on Trade-Economic and Scientific-Technical Cooperation, which was held in Tashkent. Adviser to the Prime Minister for Commerce and Investment Abdul … Read more
