Monthly Archives: October 2014

Export of eight items likely to grow

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ISLAMABAD: Federal Commerce Minister Khurram Dastagir Khan informed the Senate here on Thursday that Pakistan’s exports of eight products will witness a substantial increase in the current calendar year owing to zero-duty access to the European markets.

These eight products are: ethyl alcohol, carpets, plastics, footwear, leather, non-value added textile, home textiles and textile garments. Continue reading

Rice importers pay N23.1bn duty in nine months

Rice importers in the country paid about N23.1bn as duty on the produce in the first nine months of the year.

Statistics obtained by our correspondent from the Tin Can Island Customs office showed that N7.92bn was paid on rice imports at seaports in the same period of 2013, thus showing an increase of N15.21bn or 191 per cent this year. Continue reading

Finance department targets fertilizer importers

COMPANIES’ IMPORTS of urea — a nitrogen fertilizer also used as an ingredient for various consumer goods — were featured in the Finance department’s latest Tax Watch advertisement as the agency noted varying price declarations of importers of the product.

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Urea, the world’s most commonly used nitrogen fertilizer, is used in cigarettes, dish soaps, hair conditioners, toothpaste and livestock feed. Continue reading