Tag Archives: Imports

NFC imports urea

Chairman National Fertiliser Corporation Mr. Khalid Malik said that 153k metric tones of urea has been imported to fulfill the needs of farmers, so that they do not have to face a

Exports set to cross $25b

Pakistan is likely to achieve record exports of around $25 billion at the conclusion of the current fiscal year. Though the major contributor in this endeavour has been the textile sector given

MoC approves used bus imports

The federal Ministry of Commerce (MoC) has finally decided to permit the import of three-year old used buses. The draft notification has been prepared, but it has been sent to the Federal

Imports encouraged by zero-rating: PCDMA

KARACHI – Pakistan Chemicals and Dyes Merchants Association (PCDMA) Chairman Muhammad Haroon Agar, in a press statement, stated that import activities have started to gain momentum, with FBR’s decision to maintain zero-rating on imports.
Agar said that, before the decision, commercial importers had serious reservations regarding the SRO-509(I)/2007, however, their reservations were well appraised by Businessmen Group Chairman and former KCCI President Siraj Kassam Teli, along

Malaysia zeroing in on food imports

ISLAMABAD – Malaysian companies are eagerly seeking to invest in livestock and dairy sectors in Pakistan to increase the import of halal meat and dairy products to the tune of $1.0 billion per annum.
This was revealed by Board of Investment (BOI) Chairman Saleem H. Mandviwalla at a joint news conference with the Ambassador of Malaysia Dato Ahmad Anwar Bin Adnan in a media briefing on the upcoming Pakistan investment conference in Kuala Lumpur. The conference has been arranged in

State Bank eases restrictions on imports

KARACHI – The State Bank of Pakistan (SBP) is to restore with immediate effect the Forward Cover Facility (FCF) against the imports to meet the genuine needs of importers. According to an issued SBP circular, the restored facility would be subject to compliance of all related instructions contained in Chapter IV, FEM-2002 and the following terms and conditions: 1. Forward cover facility will be made available to importers against the Letter of Credit only. 2. No forward cover facility

Palm oil imports fall in January

ISLAMABAD – The Palm oil imports into the country during January 2011 decreased by 12.60 percent as compared to the imports of December 2010. However, as compared to the imports of the January last year, the palm oil imports increased by 64.13 percent during the month under review, Federal Bureau of Statistics (FBS) reported. The palm oil imports into the country were recorded at $165.282 million in January 2011 against the imports of $189.109 million in December 2010 and $100.703

India’s vegoil imports shrink on bigger domestic supply

NEW DELHI – India will process 12 percent more domestic oilseed crops into cooking oil this year, trimming imports of edible oil by up to five percent in the first such slowing in five years, easing global prices and blunting food-driven inflation.
India, the world’s top buyer of vegetable oils, appears to be following China in using cheaper oilseeds and cutting imports of Southeast Asian palm oil and Latin American soyoil to feed its population of more than a billion.

Govt gives assent to retendering LNG imports

ISLAMABAD – The Ministry of Petroleum has issued No Objection Certificate to the Sui Southern Gas Company Limited (SSGCL) to restart the bidding process for the import of Liquefied Natural Gas (LNG) and the establishment of an LNG terminal. An official source at the Ministry of Petroleum informed that the company would invite fresh bids for the supply of up to 3.5 million tonnes per annum of the LNG within the next two weeks.
He stressed that the government wants to complete the

ECC wants LNG imports to be tendered again

ISLAMABAD – Deferring the decision on the import of reconditioned vehicles, the Economic Coordination Committee of the cabinet (ECC) on Tuesday directed the Ministry of Petroleum to re-invite tenders for the short-term import of 2.75 million tons of the Liquefied Natural Gas (LNG) and also in principle decided to allow import of urea.
An official source said that the decision was made after the Ministry of Law again refused to approve the tender finalized by the Ministry of

PAC slams reversing of decision to allow used cars’ imports

ISLAMABAD – The special committee of the Public Accounts Committee (PAC) on Friday criticised the government for reversing the decision to allow the import of three to five year old used vehicles in the country.
The special committee meeting, chaired by Khawaja Muhammad Asif, called the decision anti-consumers, adding that automobile manufacturers in the country were selling low quality vehicles at exorbitant prices. Zafar Mehmood, secretary of the Ministry of Commerce, told the

Turkey to impose new duty on fabric imports

KARACHI – Pakistan is mulling using diplomatic channels to protect its exports of woven fabric which are likely to suffer a major blow in Turkey which intends to levy anti-dumping duty on garments and fabrics imports to protect its domestic manufacturers. As Pakistan has garnered a significant share in Turkish imports, particularly in the markets of Denim and Gray Cloth, the fresh move would impact strongly on Islamabad’s exports to the foreign country, sources have said.
The

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