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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Textile package in Budget 2014-15: 992 new knitwear units registered in a year

textile exports

ISLAMABAD: The incentives announced in the Textiles Package in Budget 2014-15 by the government has produced good results and some 992 new knitwear units have been registered in been in the fiscal year 2013-14. “The number of registered knitwear units was 1174 in 2005 in all four major hosiery producing districts including Karachi, Lahore, Faisalabad and Sialkot and incentives in ... Read More »

Commerce minister vows to increase exports despite challenges

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ISLAMABAD: Federal Commerce Minister Khurram Dastgir Khan  has said the government will increase exports despite challenges. He said  that policy reforms would be introduced in Budget 2015-16 in this regard. He said that departments concerned have been told to make consultations to resolve issues of importers. Under the vision of Prime Minister Nawaz Sharif, he said, the federal and provincial ... Read More »

Dastgir to administer oath of Jhang chamber office-bearers today

Khurram Dastgir

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir will administer oath of the new office-bearers of Jhang Chamber of Commerce and Industry (JCCI) today (Tuesday). Well placed source at Ministry of Commerce said that the Minister would proceed to Jhang in the afternoon from Islamabad and would administer oath of the newly-elected office-bearers of JCCI at an august ceremony there. It ... Read More »

Dastgir to visit Netherlands to improve trade ties

Khurram Dastgir

ISLAMABAD: Federal Commerce Minister Khurram Dastgir is scheduled to start a four-day official visit to Netherlands on coming Tuesday. The invitation for this visit was extended by Dutch Minster for Trade Ms Liliame Ploumen during her visit to Pakistan in May this year. During his stay in Amsterdam, minister will hold meetings with Dutch officials on matters of bilateral interest ... Read More »

India to frame law to protect Pakistani investors

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ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani investors who are interested to invest in India. “Therefore, Pakistani government must also take such an initiative to attract more investment from foreign investors and legislate to protect the foreign investors,” ... Read More »

Adverse ties hinder Dastgir’s participation in Aalishan Pakistan Expo

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ISLAMABAD: Adverse diplomatic ties have stopped Commerce Minister Khurram Dastgir and Secretary Commerce from attending the Aalishan Pakistan’ Lifestyle Exhibition scheduled to be held from September 11-14 in Indian Capital New Delhi. The Commerce Minister Khuram Dastgir, Monday, told Customs Today that the very act of Indian government of cancellation of foreign secretary level talks scheduled to be held last ... Read More »

237 Pak expats identified as potential investors

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ISLAMABAD: Pakistani embassies from 11 countries have sent a list of 237 potential investors and companies (including ones of Pakistani origin) to the Ministry of Commerce (MoC). The countries include Kenya, Hong Kong, Malaysia, Qatar, South Africa, Australia, US, Tanzania, United Arab Emirates (UAE), Thailand and United Kingdom (UK). In pursuance of the proposal of seeking assistance from Pakistani missions ... Read More »

PITAD plans holding 15 seminars for businessmen

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ISLAMABAD: The Pakistan Institute of Trade and Development (PITAD) in collaboration with chambers and other trade associations has planned about 15 seminars on “Trade & Economic Issues” for business community in 2015-16. The PITAD would also undertake a number of short and long training courses on “International Trade & Economy” and would establish “National & International” linkages to undertake quality ... Read More »

Pakistan Origin Card proposed to facilitate investors

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ISLAMABAD: The Senate Standing Committee on Commerce and Textile Industry has asked the government to revive the abolished scheme of the Pakistan Origin Card (POC) for Pakistani expatriates to attract foreign investment in the country. Under the POC scheme the Pakistani expatriates, who had left Pakistan at the time of independence and their spouses, were allowed to travel to Pakistan ... Read More »

Sit-ins put billions of dollars foreign investment at stake

Senate

ISLAMABAD: The government fears that billions of dollars foreign investment will go down the drain due if sits-ins by the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek continue in the federal capital. “The ongoing PTI and PAT sit-ins have been hitting the national economy hard as foreign investors are reluctant to invest in the country owing to the prevailing political impasse ... Read More »

Dastgir hails Azad Kashmir traders for rejecting Imran’s call

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ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has supported the business community in Azad Kashmir for rejecting the call of civil disobedience by Pakistan Tehreek-e-Insaf chief Imran Khan. The representatives of the business community in Azad Kashmir were of the view that the call of civil disobedience will further weaken the economy. They demanded Imran Khan take the call back. ... Read More »

MFN status: Ministry, NTC yet to make recommendations

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ISLAMABAD: The issue pertaining to recommendations on tariff barriers with India seems to have been in the doldrums because the National Tariff Commission (NTC) and Ministry of Commerce (MoC) declined having any information in this regard. The Customs Today had explored last week that the Ministry of Commerce had sought suggestions from the National Tariff Commission (NTC) to safeguard measures, ... Read More »

Dastgir says Imran, Qadri sit-ins cost economy Rs 800b

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ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has said that the economy of Pakistan has suffered Rs 800 billion losses until now due to the ongoing protests demonstrations and sit-ins in the federal capital. In a statement, Dastgir said that the current protests have paralyzed the economy as the direct losses have mounted to Rs 800 billion while the indirect ... Read More »

Political impasses causing great loss to economy: Dastgir

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ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan said that the on-going sit-ins and uncertain situation prevailed in the country were causing loss of billions of rupees to the national economy. “The country’s economy cannot withstand further with the prevailing uncertainty as people from all walks of life are extremely upset due to the political impasses”, the minister. He said ... Read More »

Pakistan proposes trade agreements with Russia

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ISLAMABAD: The federal government has formed a committee headed by Finance Minister Ishaq Dar to address the concerns of exporters regarding lack of coordination with Russian Customs authorities. The government has also proposed the Russian Federation to ink Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Pakistan Customs, however, Russian Customs decided to respond after consultation with all stakeholders ... Read More »

MFN status to India: Govt gears up for protecting local industry

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ISLAMABAD: The Ministry of Commerce has sought suggestions from the National Tariff Commission (NTC) to safeguard measures, tariff and para tariffs, duties and subsidies, where deem necessary, in connection with granting most favourite nation (MFN) status to India. “A mechanism is being developed wherein the textile and pharmaceutics sectors will have an informal advisory role at NTC with the objective ... Read More »

Long marches inflict Rs 300b loss on national economy: Dastgir

No exports due to long march

ISLAMABAD: While terming long march as economical murder of the country, the Commerce Minister has said that ongoing long marches have inflicted a loss of at least Rs 300 billion to national economy. “Both the domestic and foreign investors are reluctant to invest in the country under the threat of marchers,” stated the Minister here. Engr. Khurram Dastgir said that long ... Read More »

Halal Food Authority to boost exports to Middle East: Dastgir

Khurram Dastgir

ISLAMABAD: The Federal Minister for Commerce Engineer Khurram Dastgir Khan said that the draft for Pakistan Halal Food Authority has prepared by the Ministry of Science and Technology in consultation with Ministry of Commerce and other relevant institutions and will be presented to the Parliament soon. He said that approval of draft will resolve the issue of certification of Pakistani ... Read More »

Direct export to CARs: Commerce Ministry for removal of impediments

Exports

ISLAMABAD: The Ministry of Commerce is intended to press the government to hold talks with Afghanistan to resolve issues barring Pakistani exporters from direct exports to Central Asian Republics (CARs). Currently Pakistani exporters have to export their goods to Afghan importers who export these onwards to CARs. The Ministry wants the government to take up the issue with Afghan government ... Read More »

Govt, traders on same page to increase export volume: Dastgir

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ISLAMABAD: The Federal Minister of Commerce and Textile Industry Engineer Khurram Dastgir has said that government will consider suggestions from business community while devising economic policies. He said that increase in export volume was part of Prime Minister’s vision 2025, for which the Ministry of Commerce had been working closely with relevant government institutions. Federal Minister of Commerce expressed these ... Read More »