Yasar Hanif

Businesses in the European Union (EU) can use the Import One-Stop Shop (IOSS) electronic portal from July 1 to comply with their value-added tax (VAT) e-commerce obligations on distance sales of imported goods. The earlier VAT rules, under which no import VAT was required for … Read more about EU businesses can use IOSS portal from Jul 1 for VAT e-com obligations

The latest budget presented by the Pakistani government last week aims to reduce the input cost of several industries and bring online transactions under the sales tax net. It offers relief measures in customs duty, sales tax and income tax for the industrial sector amid a proposed plan that … Read more about Pakistan govt proposes tax relief in budget to boost industrial growth

The latest budget presented by the Pakistani government last week aims to reduce the input cost of several industries and bring online transactions under the sales tax net. It offers relief measures in customs duty, sales tax and income tax for the industrial sector amid a proposed plan that … Read more about Pakistan govt proposes tax relief in budget to boost industrial growth

Pakistan’s exports to the European Union (EU) market have increased by 33 per cent, mostly in the textile sector, since it got the generalised system of preferences (GSP) plus status in late 2013, according to EU ambassador to Pakistan Androulla Kaminara, who recently said the EU … Read more about PRESS RELEASE Pakistan’s exports to EU rose by 33% since 2013

Pakistan's textile & apparel exports up 18.85% in July-May Pakistan's textile & apparel exports up 18.85% in July-May The value of textile and garment exports from Pakistan increased by 18.85 per cent year-on-year in dollar terms in the first eleven months of fiscal 2020-21. … Read more about PRESS RELEASE Pakistan’s exports

The recent decision by Pakistan’s cabinet to allow production of industrial hemp by the government could generate $1 billion in revenue for Pakistan in three years, according to minister for science and technology Fawad Chaudhry, who recently said the ‘landmark decision’ would place Pakistan in the … Read more about Pak cabinet approves industrial hemp production by govt

Business Pakistan's Textile Sector Back At Full CapacityPakistan's textile sector back at full capacityProduction jumps as containment of virus prompts global buyers to order from PakistanSalman SiddiquiSeptember 20, 2020 PHOTO: REUTERSPHOTO: REUTERSKARACHI:Textile industry – the single largest … Read more about Pakistan’s textile sector back at full capacity Production jumps as containment of virus prompts global buyers to order from Pakistan

Ethiopian Industrial Parks Have Created 64,000 Jobs The nine operational industrial parks in Ethiopia—five built by the government and the rest private ones—have created 64,000 jobs, according to the Ethiopian Investment Commission (EIC). The state-owned parks Hawassa, Kombolcha, Bole Lemi, … Read more about Ethiopian Industrial Parks Have Created 64,000 Jobs

US-China Trade War To Boost Indian Economy The US-China trade war States is expected to boost the Indian economy with a 3.5 per cent rise in exports while the biggest winner will be the European Union (EU), which will gain $70 billion in additional trade, according to a recent report by the UN … Read more about US-China Trade War To Boost Indian Economy