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Articles for tag: Chinas, Cotton, exports, Introduction, pak china, shack, yarn

May 12, 2024

News Desk

China’s cotton yarn exports up 66%

BEIJING: Pakistan’s cotton yarn exports to China reached $166.37 million, an increase of 65.85%, in the first quarter of 2024, according to statistics from the General Administration of Customs of the People’s Republic of China (GACC). In the first quarter (January-March) of the current calendar year, imports of “uncombed plain cotton yarn containing 85% or more” (commodity code 52051200) from Pakistan exceeded $99.12 million, compared to $72.70 million dollars in the same period of the previous year. Accordingly, imports of cotton yarn (commodity code 52051100) stood at $65.78 million, against $26.28 million in the corresponding period of the previous year.

March 30, 2024

News Desk

Exporters can import raw materials duty-free

Islamabad: The federal government has decided to conditionally allow exporters of goods to import raw materials, machinery and equipment without paying duties and taxes under the export facilitation programme. Exporters should obtain approval from the collective enterprise to import raw materials, machinery and equipment. They will be able to import machinery and equipment worth up to 50% of the annual export value. For import of raw materials for export contracts worth more than $1 million, the approval of the Chief Collector must be obtained. According to a document available to The Express Tribune, the Federal Board of Revenue (FBR) has

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