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The fuss about GSP+

EU parliament’s resolution for reviewing the preferential scheme for imports from Pakistan has triggered some panic
ISLAMBAD:
The expression out of the frying pan and into the fire may be considered apt for Pakistan as it faces a potential threat to its exports to the European Union just as the country had begun to recover from the impact of the Covid-19 pandemic.
“Notwithstanding, the recent rise in Covid cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism,” according to a new World Bank report. The Covid-19 outbreak dealt a devastating blow to the world economy as global trade came to a grinding halt with economies going into lockdown. Even though Pakistan did not escape unscathed, it managed to rebound fairly quickly aided by the textile industry that received hefty orders from international buyers. ....

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Importers of bike spare parts in trouble over high taxes

Importers of bike spare parts in trouble over high taxes
Association chairman criticises govt for imposing cumulative
85.5% duty
It’s not the case that bike financing was unprecedented in Pakistan. The credit facility has been in place, but the renewed and increased interest is something new. PHOTO: FILE
KARACHI:
Stakeholders of the motorcycle spare parts segment of the automobile industry have said that the sector is overburdened with a high customs duty and additional customs duty applicable to the import of spare parts of two-wheelers.
Speaking to The Express Tribune, All Pakistan Motorcycle Spare Parts Importers and Dealers Association Chairman Khalid Waheed criticised the government for slapping a cumulative 85.5% duty on commercial importers of auto parts. ....

Faisal Khalil , Muhammad Sabir Shaikh , Khalid Waheed , Mian Nasir Hayyat , Khurram Ijaz , Federation Of Pakistan Chambers Commerce , Association Of Pakistan Motorcycle Assemblers , Dealers Association , Express Tribune , All Pakistan Motorcycle Spare Parts Importers , Dealers Association Chairman Khalid Waheed , Pakistan Chambers , President Mian Nasir Hayyat , Pakistan Motorcycle Assemblers , Chairman Muhammad Sabir Shaikh , ஃபேஸல் க்யாலில் , முஹம்மது சாபிர் ஷேக் , காலிட் வீத் , மீயந் நசீர் ய்யட் , குர்ரம் இஜாஜ் , கூட்டமைப்பு ஆஃப் பாக்கிஸ்தான் அறைகள் வர்த்தகம் , சங்கம் ஆஃப் பாக்கிஸ்தான் மோட்டார் சைக்கிள் கூடியவர்கள் , விநியோகஸ்தர் சங்கம் , எக்ஸ்பிரஸ் ட்ரிப்யூன் , அனைத்தும் பாக்கிஸ்தான் மோட்டார் சைக்கிள் உதிரி பாகங்கள் இறக்குமதியாளர்கள் , விநியோகஸ்தர் சங்கம் தலைவர் காலிட் வீத் ,