China’s beef imports continue to climb in 2015

BEIJING: While China’s slower rate of economic growth has been a major global news story in 2015, it hasn’t dampened the country’s growing appetite for beef. China’s beef imports seemed to plateau last year, with both volume (317,119 metric tons) and value ($1.35 billion) increasing only slightly over 2013. But through the first 10 months […]

FBR directed to obtain proof of payment for non-LC imports

ISLAMABAD: Finance Minister Mohammad Ishaq Dar has directed Federal Board of Revenue (FBR) to take necessary measures to curb illegal trading practices impacting foreign exchange market in country. The minister, in particular, asked FBR to obtain from importers, the proof of payment and origin of payment for non-LC imports at the time of custom clearance. […]

Electronic Form-E applicable from Nov 02 for export clearance

KARACHI: State Bank of Pakistan (SBP) and Pakistan Customs have jointly developed electronic form of exports (Form E) for realization of foreign exchange. The electronic system will be applicable from November 02, 2015 in two formats. The SBP on Monday issued Monday FE Circular No. 10 of 2015 under which the authorized dealers or commercial […]

LCCI preparing report on ease of doing business in Pakistan

LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has started work to prepare a report on the “Ease of doing business in Pakistan”, a statement said on Monday. The objective of this initiative is to identify the hurdles coming in the way of businesses and to suggest doable solutions to the government, it said. […]

Inflation falls to 12-year low at 1.6 percent

ISLAMABAD: Pakistan’s headline inflation has been falling continuously and for October 2015, it clocked in at 1.6 percent, the lowest reading in the last 12 years, Pakistan Bureau of Statistics (PBS) reported on Monday. Since the beginning of the financial year in July, Consumer Price Index (CPI) inflation has been below two percent. In September […]