Head of Vietnam Trade Mission Ms. Nguyen Thi Diep Ha has said that Pakistan and Vietnam have been maintaining good business and trade relations as the trade volume, which stood at US$54 million in 2005, improved to $794 million in 2021 and it will very soon cross the level of US$1 billion despite the fact that both countries were hit hard by unprecedented COVID-19 pandemic.… Continue
Information Technology (IT) exports of Pakistan for October 2022 increased by 13% YoY to US$221mn due to an increase of 38%/8% YoY in Telecom/Computer services.
Export number also recovered by 7% MoM from September 2022 mainly due to a 42% MoM increase in Telecom Services.… Continue
Mr. Irfan Iqbal Sheikh, President FPCCI, has called for immediate policy interventions and resolution of anomalies pertaining to tea imports. He has explained that tea should be considered a necessity &a basic food item for everyone – and, not a luxury; as is the case as per current practice at the import stage.… Continue
We re-iterate our ‘Buy’ stance on Systems Limited (SYS), one of the largest IT (Information Technology) service exporters in Pakistan with Dec-2023 Target Price of Rs620/share, offering a potential total return of 39% (including dividend yield of 2%).
SYS is a preferred pick due to (i) above average exports growth, (ii) geographical diversification and expansion, (iii) expanding workforce, (iv) cost effective IT resources of Pakistan, (v) foreign currency (FX) based revenues and cost localization, and (vi) recent acquisitions providing inorganic growth.… Continue
PAJCCI appreciates the priority response of DG Transit Trade Pakistan Customs and the Ministry of Commerce on approving the amendment in Cross Stuffing SRO to allow the transfer of goods from one container to another container or any other mode of transportation, in the premises of the port or at the off-dock terminal.… Continue
The Leadership of Karachi Chamber of Commerce & Industry (KCCI), while highly appreciating the government’s decision to provide subsidized electricity at Rs19.99 per unit to five zero-rated export-oriented industries, said that the business & industrial community was very grateful to Finance Minister Ishaq Dar, Commerce Minister Naveed Qamar and Energy Minister Khurram Dastgir Khan for considering exporters’ request to continue Regionally Competitive Energy Tariff (RCET) which would be a great help in enhancing the exports particularly in a situation when recession has already begun in the European Union while the United States was also heading towards the same which are the two major markets for Pakistan’s textile exports.… Continue