imports
- 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…
- World
China ramps up Russian energy imports
Beijing: While many European countries are trying to wean themselves off Russian gas, China is importing an increasing amount of energy from its neighbour. Data from Beijing’s Customs Office on Saturday showed…
- India
Arrest under Customs Act to be only under exceptional cases where value exceeds Rs 50L
New Delhi: The CBIC has issued revised guidelines for Arrest and Bail in relation to offences punishable under the Customs Act, 1962. While the Act does not specify any value limits for exercising…
- World
Nepal extends ban on import of 10 types of goods to save forex
Kathmandu: The Nepali government is extending a complete ban on the import of 10 types of products till the end of August, as the country still struggles against a dwindling foreign exchange…
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