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The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
Pakistan's exports for the year 2015-2016 stood at US$21 Billion and imports were at US$44.76 billion for the same period. [5]Pakistan's exports increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007–2008.
The Pakistan Jute Mills Association (PJMA) was founded in 1970 in an effort to reduce reliance on jute imports. The Government of Pakistan prioritised the development of the domestic jute industry. As a result, between 1964 and 1971, four jute mills were set up in the country, each with limited production capacity aimed at fulfilling the local ...
It also issues tenders for export and import of agricultural products. TCP has its offices across various cities of the country including Karachi, Islamabad, Lahore and Multan. [2] [3] Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan.
Exports of goods and services (US$ million) by country [1]; Country Exports Year Top goods export (2021) [2] [needs update] China 3,511,248 2023 Broadcasting equipment United States
Smuggling in Pakistan is a significant problem, and it has an impact on the country's economy. The illicit trade of various goods across Pakistan's borders with Iran and Afghanistan remains a persistent issue. Smuggled products have infiltrated multiple sectors of Pakistan's economy, spanning items such as cell phones, fuel, and everyday ...