The Senate Standing Committee on Commerce was informed on Wednesday that protocols to export donkey skins and meat to China had been finalised. The commerce ministry officials disclosed this while briefing the committee meeting chaired by Senator Anusha Rahman. It was also briefed on the attached departments of the commerce division to review its performance. The additional secretary in char
Pakistan received only about $11.7 billion in foreign loans and grants in the first 11 months (July-May) of outgoing FY24, far behind the annual target of $17.4bn. This is amid major slippages in raising international financial support, although it has met the revised target. According to official data released by the Ministry of Economic Affairs (MEA), the country received about $403 million i
Auto assemblers and vendors have expressed surprise and concern over excluding imported used cars below 1,300cc from the newly imposed 15 per cent regulatory duty (RD), despite the government’s earlier assurances to curb used car imports. Finance Bill 2024-25 has introduced an RD of 15pc on imported used vehicles above 1,300cc while exempting those below 1,300cc. “We were hopeful that the new b
The Pakistan Petroleum Dealers Association (PPDA) on Wednesday announced that its talks with provincial and federal governments and other stakeholders had hit a deadlock, leaving them with no option but to go for a nationwide closure on July 5 (tomorrow). “They asked us to call off strike and promised to resolve the issue, but we cannot postpone the strike on mere assurances,” PPDA chairman Ab
The stock market extended an overnight bull run on Monday, the first day of the new fiscal year, despite trade and industry’s strong reservations about the tax-laden budget. However, the equity investors celebrated the tax status quo on dividends and income, believing the budget’s approval has paved the way for smooth negotiations to secure a new IMF loan, which is crucial to avoid a default-li