Pakistan Allows Commercial Import of Old Vehicles with New Restrictions ISLAMABAD — The Ministry of Commerce has given the green light for the commercial import of old vehicles, but under strict conditions. Officials confirmed that all such imports will now be routed through banks and will carry a 40 percent regulatory duty. The Federal Board […]
Govt Allows Import of Used Cars with New Policy, ECC Approves Duties and Grant ISLAMABAD – The Economic Coordination Committee (ECC), chaired virtually by Finance Minister Muhammad Aurangzeb, has approved major changes to the import policy, paving the way for the commercial import of used vehicles. According to the Ministry of Finance, the Import Policy […]
Pakistan’s Petroleum Imports See Mixed Trends, Trade Deficit Widens KARACHI – Pakistan’s total petroleum imports for July-August 2025-26 dropped slightly to $2.54 billion, down from $2.66 billion during the same period last year, according to recent trade data. Breaking down the figures, imports of petroleum products rose sharply by 17.77 percent, climbing from $840.49 million […]
US Imposes 50% Tariffs on Indian Imports Over Russian Oil Purchases WASHINGTON / NEW DELHI – The United States has imposed 50 percent tariffs on a range of Indian imports this week, targeting New Delhi’s large-scale purchases of Russian oil. The move is part of Washington’s broader effort to pressure Moscow into ending its war […]
Mobile Phone Imports in Pakistan Drop in 2024–25 Pakistan imported fewer mobile phones this year compared to last year, according to new data from the Pakistan Bureau of Statistics (PBS). From July 2024 to June 2025, Pakistan imported mobile phones worth $1.494 billion, which is lower than $1.898 billion in the same period last year. […]
“They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced trade relationship,” Tammy Bruce, the department’s spokesperson, said in a statement about the first conversation between the two leaders. The US administration imposed tariffs on imports from around the world that range from a 10% baseline tax on […]
Exports during July-March (2024-25) were recorded at $24.690 billion against $22.926 billion during July-March (2023-24), according to Pakistan Bureau of Statistics (PBS) data. On the other hand, imports into the country went up by 6.33 percent by growing from $40.054 billion last year to $42.589 billion during the first nine months of the current year. […]
Coffee, oats, cocoa, spices, tropical fruit, and tin mill steel, used for specialty food and household goods, are among the imports listed as unavailable domestically in the letter. “We believe targeted and carefully calibrated removal of these ingredients and inputs from tariffs is appropriate to best protect U.S. manufacturers and support (Trump’s) efforts to lower […]
Pakistan imported mobile phones worth US $ 868.551 million during July-January (2024-25) as compared to the imports of US $ 987.447 million during July-January (2023-24), according to the Pakistan Bureau of Statistics (PBS). Meanwhile, on a year-to-year basis, the import of mobile phones also dipped by 30.66 percent during January 2025 when compared to the […]
Lower palm oil imports by the world’s biggest buyer of vegetable oils could weigh on benchmark Malaysian palm oil prices, but support US soy oil futures. “About 110,000 metric tons of palm oil was cleared in the first half of January, which is a pretty small amount compared to the usual monthly imports,” said a […]
