Tag Archives: Imports

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Market for used cars shifts as sterling rates drive UK imports

Kieran Whelton with some of his UK imported secondhand cars at his car dealership in Knock, Co Mayo. Photograph: Keith Heneghan Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn For the Irish motor trade, the market is as much about currency rates as cars. Dealers watch the latest forex market as closely as the IFSC currency traders. Kieran ... Read More »

Iran to Allow iPhone Imports: State Media

Iran is preparing to allow local companies to import iPhones for the first time to try to curb the huge market in smuggled Apple products, state media reported Thursday. The trade ministry has requested licences from the country’s Trade Promotion Organisation for nine Iranian companies to import iPhones, according to the Tasnim news agency. Unofficial Apple stores are common in ... Read More »

India’s January Gold Imports Rise 62%: Report

New Delhi: India’s gold imports in January surged 62 per cent compared with the same period last year, news agency NewsRise Financial reported on Tuesday citing a government official, as the country’s appetite for the precious metal continues unabated despite duties. India, the world’s second biggest consumer of gold, shipped in 93.3 tonnes of gold last month while overseas purchases ... Read More »

FTAs Have Pushed up Imports More than Exports: Survey

New Delhi: Free trade agreements which India has implemented so far have pushed up imports more than the country’s exports, the Economic Survey 2015-16 said on Friday. “FTAs have led to increased imports and exports, although the former has been greater…Increased trade has been more on the import than export side, most likely because India maintains relatively high tariffs and ... Read More »