But we may form very mistaken ideas on this subject, if we do not call to mind in our calculations, that the extent of revenue drawn from foreign commerce must vary with the variations, both in the extent and the kind of imports
; and that these variations do not correspond with the progress of population, which must be the general measure of the public wants.
In the budget, government has given some relief to mobile users as it cut 3% of import
tax on mobile phones.
Spices' import during the period under review stood at $129.3 million against $136.8 million worth of import
during same period of last year thus showing a decline of 5.5 per cent.
Computing trade creation using Pomfret's approach requires using estimates of the elasticities of import
demand and export supply.
Recent data also indicate that economic activity in the United States has picked up a bit in the early part of this year, suggesting a pace of import
growth similar to that in 1995.
The tea import witnessed an increase of 9.04 percent as $492.982 million worth of import
was recorded during July-April (2017-18) as compared to the import of $452.11 million during same period of last year.
* elimination or reduction of import
price undercutting, suppression and!
The third biggest component of import
bill is of transport category which went up 46.6pc to $2.9bn from $1.98bn over the corresponding period of last year.
ISLAMABAD -- Due to falling global oil and commodity prices, Pakistan saved US $3.3 billion in term of import
bill in first nine months of Fiscal Year 2016.
However, different measures of import
prices tell different stories about the amount of that adjustment.
It may be recalled that trade deficit was narrowed 15.3% to US $ 31.8 billion owing to import compression polices of the government by encouraging the production of imports
substitutes and enhancing the local exports.
Higher duties imposed on hundreds of imported
food items during this fiscal year have also apparently decelerated reckless imports.