IT Ministry seeking incentives for local manufacturing of smartphones
Economic Coordination Committee (ECC) of the cabinet has been forwarded a summary by the ministry of Information Technology and Telecommunication seeking incentives for the local manufacture of smartphones. The summary seeks incentives for local manufacturing/assembling of mobile devices, which will expectedly shift the focus from import of mobiles in completely built units (CBU) to semi-knocked […]
Used Cars EPZ proposed for Karachi or Gwadar
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed that a used car Export Processing Zone (EPZ) be established at Karachi or Gwadar port for right and left hand drive vehicles. These vehicles may be allowed to be imported and then exported to other countries. Because of its more feasible sea route […]
Uzbekistan seeks permission to use Pakistani ports
For agreement at the Quadrilateral Traffic in Transit Agreement (QTTA) in a bid to utilise Karachi and Gwadar ports for its trade operations, Uzbekistan has officially asked for Pakistan’s support. The formal request has been made by Uzbek Deputy Prime Minister Sardor Umurzakov by a video conference with Adviser to the Prime Minister on Commerce […]
CPEC is predicted to be delayed amid COVID’19
The terrific condition out of COVID’19 may effect CPEC projects. Dr. Liaqat Ali has said that it might be delayed for two to three months due to pandemic. Due to lockdown, Workers of China have been stuck in their hometowns due to suspension of international flights in January 2020. Normal flights between the two countries […]