imports
- India
India now imports 35pc Russian oil as US readies 25pc tariff plus penalty
Washington: From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India’s reliance on Russian oil has surged — drawing fresh scrutiny…
- World
UK trade body calls for duties on Indian imports of PET plastics to continue
London: The UK’s Trade Remedies Authority (TRA) has published its initial findings that a countervailing or anti-subsidy measure on the imports of polyethylene terephthalate (PET) from India be maintained for a further…
- Middle East
Trump to impose 10 pc tariff on GCC imports
In a major trade shift, US President Donald Trump has announced a 10 percent tariff on imports from Gulf Cooperation Council (GCC) countries, including the United Arab Emirates (UAE), Saudi Arabia, Kuwait,…
- World
Biden imposes heavy tariffs on Chinese imports
Washington: US President Joe Biden has imposed heavy tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, saying it would ensure that American workers are not held back by unfair…
- World
Pak rupee drops to new low owing to withdrawal of restrictions on imports
Pakistan’s rupee plunged to a record low on the interbank market on Tuesday, August 22 following the decision to ease in import restrictions that has lifted demand for the dollar, central bank…
- World
Sri Lanka to relax import restrictions on transport vehicles
Colombo: Sri Lanka will relax restrictions on imports of vehicles required for transportation of goods and passengers this week, State Finance Minister Ranjith Siyambalapitiya said on Sunday. The state minister told the…
- Technology
China’s chip imports drop 23% as US, India ramp up semiconductor manufacturing
Beijing: As the US and India bolster local semiconductor manufacturing, China’s chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday. China imported 108.2 billion…
- Pakistan
Pakistan forex reserves fall to less than a month’s import cover
Islamabad: As Pakistan struggles to secure external financing to pull the country out of the economic crisis, foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed their course, snapping…
- Pakistan
Pakistan’s forex reserves barely enough to provide import cover for 18.5 days
Islamabad: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have plunged to precarious levels as the cash-strapped nation desperately seeks to revive the stalled bailout programme of the…
- India
India’s trade worries grow as exports lose steam, imports surge
New Delhi: A marginal contraction in exports coupled with a continuing surge in the country’s import bill through the month of August has renewed concerns over India’s widening trade deficit and its…
- Middle East
Israel removes barriers on importing electrical appliances
Jerusalem: Israel has removed most requirements for importing household and industrial electrical products. Under the new rules, it is allowed from now on to import electrical products without the need for an…
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