The National eCommerce Council (NeCC) on Tuesday decided to develop a five-year roadmap and action plan to promote digital trade. The decision was reached in the council’s 9th meeting, which was chaired by Commerce Minister Jam Kamal Khan. Various sector representatives also made presentations to highlight impediments to promoting e-commerce. It was decided that the new cross-sectoral pol
Pakistan and Iran aim to boost trade to $10 billion, but the bilateral trade plummeted to almost zero during the first 10 months of the outgoing FY24. The State Bank’s latest trade data showed a decade-long trade decline between the two countries, with exports and imports hitting zero in FY22. Trade picked up slightly in FY23 when exports were $75,000, but imports were zero, showing no interest
The auto sector has demanded that the government implement measures to curb the rising imports of used cars, which are not only undermining local production but also instrumental in transferring forex through the grey channel. In its budget proposals to the Federal Board of Revenue (FBR), the auto sector said that during 2022-23, the industry imported parts amounting to $1.57 billion and all th
The heatwave has revived the ailing sales of air conditioners while the run-up to Eidul Azha, to be celebrated in the third week of June, has combined with the heat to propel sales of deep freezers and refrigerators despite a 30-40 per cent rise in prices and an unbearable power tariff. An overwhelming response from buyers has forced dealers to pull down their shutters in the afternoon. Acco
Due to a bearish trend in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by approximately Rs6.50 to Rs7.50 per litre on May 31, despite a slight exchange rate loss. Informed sources said the prices of petrol and HSD had declined in the international market by about $3.25 and $2.10 per barrel, respectively, in the last fortnight. This is on top of th