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Peshawar Zalmi announces its partnership with GTR Tyre thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.
A Perspective of India theatlantic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theatlantic.com Daily Mail and Mail on Sunday newspapers.
Govt loses billions on tyre import Business April 30, 2021 KARACHI: The under-invoicing of tyres is causing the government a loss of billions of rupees annually, a statement said on Thursday. The unrealistic import trade price along with large-scale smuggling are the biggest obstacles to investment in the local tyre industry, it added. Industry sources said the annual consumption of tyres in Pakistan is 10 million, of which 20 percent consumption is met by locally-manufactured tyres, while 15 percent of tyres are imported. The remaining 65 percent of the demand is met by smuggled tyres. Chinese tyres dominate the Pakistani tyre market and accounted for 80 percent of the imports. It is to be estimated, these tyres are up to 25 percent under-invoiced. ....
Tyre Manufacturers Complain About Smuggling Through Pak-Afghan Border propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Efforts to curb tyre smuggling bear fruit Pandemic, higher import duty, rupee depreciation push up tyre prices Nasser stressed the need to increase tyre manufacturing units if the government wanted the end-consumers to truly benefit. PHOTO: REUTERS LAHORE: Efforts of the government to curb smuggling via Afghan border have helped put the four-wheeler tyre manufacturers on a positive track. Nevertheless, developments in the past one year - Covid-19 outbreak, higher import duty structures coupled with increase in US dollar rate and better surveillance on the border to check smuggling - have led to an increase in prices for both local and imported tyres. ....