The Federal Board of Revenue (FBR) said on Monday that the Faceless Customs Assessment System (FCAM) cleared 4,000 consignments since its launch. The board said the FCAM, operating through its centralised appraising unit at South Asia Pakistan Terminal, Karachi, has drastically reduced the need for additional documentation and examination calls. With this digital reform rolled out at one of
While local mobile manufacturing declined in November, the companies were optimistic about a robust new year. According to the Pakistan Telecommunication Authority data, local mobile production fell 8 per cent year-on-year to 2.31 million units and 35pc month-on-month in November. The local firms produced 3.53m units in October, marking the highest production after seven months. At the same
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales after Toyota and Volkswagen . It would also give the two companies scale and a chance to share resourc
About 64 per cent of foreign investments in treasury bills (T-bills) have been withdrawn and returned to their destinations, disappointing the government striving to attract dollar inflows. Market experts offer several reasons for this trend of outflows from domestic bonds but mostly believe that frequently declining returns on T-bills are due to falling policy interest rates and political unce
Soon after the launch of Telecom Policy 2015, I wrote an article in this newspaper titled "Roadmap to Realise Pakistan's Digital Potential", where I advocated that a high-level body was needed to oversee the adoption of information and communication technologies (ICT). I referenced similar high-level bodies in countries like Japan, South Korea, India, and even the United States (where vice pres