Pakistan News

    Scrap Importers In Lahore

  • Pakistani importers seek 66,000 tonnes soybeans from US or Brazil

    HAMBURG: Pakistani importers are negotiating over the purchase of about 66,000 tonnes of soybeans to be sourced from the United States (US) or Brazil, European traders said on Wednesday...

    "Pakistani importers have also purchased about 75,000 tonnes of soy oil for July/October arrival and I expect around 100,000 tonnes of soy oil to be bought this year," one trader said...

  • Importers slam delay in clearance at PICT

    KARACHI: Importers are complaining against long delays in delivery and clearance of containers at the Pakistan International Container Terminal (PICT) which has resulted in payment of huge demurrage and ports charges...

    He added that truckers have threatened to collect detention charges from importers in case containers are not delivered within working hours on the same day...

  • Chemical importers for level-playing field

    KARACHI: Pakistan Chemical and Dyes Merchants Association (PCDMA) on Tuesday urged Federal Finance Minister Ishaq Dar to remove the difference between ‘industrial’ and ‘commercial’ importers and provide a level-playing field for doing business...

    In a press release, Chairman PCDMA Khawaja Arif Kapoor said more taxes on imports of raw material for commercial importers were unjust...

  • Importers suspected of misusing hazardous substances

    ISLAMABAD: The Pakistan Environment Protection Agency (Pak-EPA) has started taking action against organisations that import hazardous substances and have been suspected of misusing them...

    In 2010, Pak-EPA issued no-objection certificates (NOCs) to three major companies, including a private hospital, to import formaldehyde but forgot to check how much of the hazardous substance was being imported and how and where it was used
  • Coal importers eye PSM’s idle jetty, other equipment

    KARACHI: Coal importers from the private sector have sought government’s permission to use Pakistan Steel Mills’ (PSM) idle jetty, cargo conveyor belt and other equipment until the Pakistan International Bulk Terminal becomes operational...

    In communications with the ministries of industries and production and ports and shipping, the importers explained that a permission would help bring down the cost of imported coal by $4 a tonne...

  • Pakistan at tenth place in list of world's largest arms importers for 2015

    BEIJING: Pakistan was the tenth largest arms importer in the world in 2015, down one spot from number nine the previous year, a military think tank database reveals, while Saudi Arabia was the leading arms importer in the world, followed closely by India...

    The Stockholm International Peace Research Institute (SIPRI) database shows India was the top arms importer in 2014
  • Importers, banks warned over multiple payments

    KARACHI: The State Bank of Pakistan on Friday warned importers and banks over multiple payments being made on duplicate import documents...

    Bankers said that a number of new importers have emerged taking advantage of the lenient policy for payments against imports...

  • 100pc cash margin will lead to cellphone smuggling: importers

    KARACHI: The State Bank of Pakistan’s decision of imposing 100 per cent cash margin on imports of mobile phones will encourage smuggling, cellphone importers said on Saturday, anticipating a tough business environment ahead...

    “The government should provide incentive to regular importers and tie loose ends to control smuggling” he added...

  • Threats from US put new pressure on Iranian oil importers

    HONG KONG: Importers of Iranian oil are facing pressure from the United States to find another energy source or be hit with sanctions...

    Antoine Halff, a researcher at Columbia University and former chief oil analyst for the International Energy Agency, said it’s not unusual for the US government to seek cooperation from other importers of Iranian oil President Barack Obama’s administration did it during a previous round of...

  • LPG industry decries tax relief to importers

    ISLAMABAD: The local LPG industry has expressed concern over tax and duty concessions given on imported product under the supplementary finance bill 2018 cleared by the National Assembly, saying this would benefit only importers instead of 8-9 million consumers...

  • Importers seek clarity over shipments via Wagah

    LAHORE: The fate of import shipments en route from India via Wagah/Atari and for which importers had established LCs (letters of credit) before Pakistan’s decision to suspend bilateral trade over abrogation of the special status of the Occupied Kashmir by New Delhi hangs in balance...

    In a letter sent to the DG Trade Policy at the Commerce Ministry, the Lahore Chamber of Commerce and Industry (LCCI) has asked him to save the importers...

  • Govt to facilitate wheat importers

    ISLAMABAD: The Mi­­nistry of National Food Security and Research (MNFSR) on Wednesday assured wheat importers of all possible assistance including transportation of the commodity once shipments arrive in the country...

    During a meeting with Secretary MNFSR Omer Hamid Khan, wheat importers requested the ministry for facilitation in berthing, storage and clearances upon landing of wheat shipments...

  • Pressure grows on Iraqi Kurds to scrap independence vote

    Iraq's Kurds faced mounting international pressure on Friday, including from neighbouring Iran, to call off an independence referendum that the UN Security Council warned was potentially destabilising...

    It came ahead of a press conference on Saturday at which Iraqi Kurdish leader Massud Barzani is expected to announce whether the vote will go ahead as planned on Monday in the autonomous region
  • Iraqi Kurd head resists pressure to scrap independence vote

    ARBIL: Iraqi Kurdish leader Massud Barzani insisted on Friday that a controversial Sept 25 independence referendum for his autonomous Kurdish region in northern Iraq will go ahead, even as last-minute negotiations aimed to change his mind...

    Iraq’s Kurds have faced mounting international pressure, including from neighbouring Iran and Turkey, to call off the referendum that the UN Security Council has warned was potentially destabilising
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