India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will be taxed for the […]
Traders threaten to halt imports over WHT | The Express Tribune
KARACHI: Traders in Jodia Bazaar, the largest wholesale market for commodities in Karachi, have warned they will cease imports if the new withholding tax (WHT) is implemented. During a news conference on Saturday, Rauf Ibrahim, Chairman of the Wholesale Grocers Association, announced that the closure of Jodia Bazaar’s shops was a protest against recent increases […]
Sept diesel imports to cost $140m | The Express Tribune
ISLAMABAD: Despite having surplus oil stocks providing 45-day cover, Pakistan is expected to see an outflow of $140 million owing to the import of high-speed diesel (HSD) planned for September. According to sources, the import of 50,000 metric tons of HSD costs an average of around $38 million. As September imports are estimated at 183,000 […]
Pakistan imports goods worth $1.62b from India | The Express Tribune
ISLAMABAD: Despite tense relations, Pakistan has imported goods worth $1.62 billion from India during the last five years. This was disclosed to the Standing Committee for Trade by officials of the commerce ministry who said this had occurred despite the fact that trade had been halted with India. According to documents, Pakistan had bought goods […]
US calls for stronger protection against Chinese imports | The Express Tribune
WASHINGTON: A policy group led by the United Steelworkers union and domestic manufacturers is calling for the US to enact stronger trade barriers to Chinese imports after President Joe Biden imposed steep tariffs on Chinese electric vehicles, solar panels and other strategic goods. The Alliance for American Manufacturing (AAM) on Friday published a report on […]
Navigating compliance in wheat imports | The Express Tribune
ISLAMABAD: Wheat import, along with other agricultural commodities, falls under the regulation of the Sanitary and Phyto-Sanitary (SPS) measures. The SPS Agreement, an international treaty under the World Trade Organisation (WTO), explicitly acknowledges governments’ authority to safeguard human, animal, and plant health based on scientific principles. These measures primarily focus on quarantine and biosecurity protocols […]
Propelling the ICT sector via imports of IT products | The Express Tribune
KARACHI: The information, communication and technology (ICT) sector is often hailed as the engine of export growth amongst all the services sectors. The ICT sector generated $2 billion worth of exports in the first eight months of FY24, which is approximately 15% higher than the amount generated in the first eight months of the previous […]
Rise in used car imports raises alarm | The Express Tribune
LAHORE: The import of used cars has seen a staggering surge of 684% in the first six months of the current fiscal year compared to the same period last year. Sources indicate that over 16,500 units of used cars were imported from July to December 2023, marking an exponential increase compared to the approximately 2,100 […]
Block cheap Chinese auto imports, say US makers | The Express Tribune
WASHINGTON: The US government should block the import of low-cost Chinese autos and parts from Mexico, a US manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies. “The introduction of cheap Chinese autos – which are so inexpensive because they are backed with the power and funding of […]
Energy imports drop 13% to $1.42 billion in Nov | The Express Tribune
KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. The diminishing demand for products, particularly […]