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Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
It also issues tenders for export and import of agricultural products. TCP has its offices across various cities of the country including Karachi, Islamabad, Lahore and Multan. [2] [3] Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan.
EXIM Bank of Pakistan or Export Import Bank of Pakistan is a Development Finance Institution owned by the Government of Pakistan to stimulate the growth and diversification of the country's exports and assist in the implementation of import substitution plans. [3] [4] [5] [6]
The Port of Sonmiani, in Las Bela District, currently consists of a fish harbour at the town of Damb, about 4 km (2.5 mi) northwest of Sonmiani as well as a coast guard jetty for the Pakistan Maritime Security Agency, a kilometre to the north of the fish harbour. In March 2007 the federal government announced a proposal to build a major new ...
Under the second phase, Pakistan has received an increased competitive advantage as the nation will face lower tariffs than its main export competitors in China. [8] [10] Pakistan holds a competitive advantage on 80% of the product lines within phase two, including goods such as machinery, mechanical appliances, plastics, steel, and iron.
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million out of which only 2.5 million were active tax filers. [ 2 ]
Afghanistan also has not yet notified Pakistan of its customs transit rules required under the APTTA, despite repeated requests by Pakistan and assurances by the Afghan government. [25] Afghanistan also refuses to grant Pakistan the right to import and export goods from Central Asia across Afghan territory. The 2010 APTTA agreement allowed for ...