ISLAMABAD – Pakistan Customs and Federal Board of Revenue (FBR) have processed a consignment of White Chaunsa mangoes from Pakistan to Russia under the multilateral treaty.
Reports quoting the Federal Board of Revenue (FBR) cited that this is one of the first endeavors to introduce Pakistani fresh fruits and indigenous goods to Russia as both sides have made concerted efforts to establish the foundation for a mutually beneficial relationship.
The statement of the federal agency further added that the exports of mangoes to Russia via International Road Transports will help the Pakistani traders to capture markets in European countries.
The consignment was destined for Moscow via the Tehran-Astara-Astrakhan route which totaled around 4600 km and will be covered in a week's time.
Meanwhile, Prime Minister’s aide on Commerce and Investment Abdul Razak Dawood also felicitated the Sahiwal-based exporter.
“I congratulate Ishfaq & Co on becoming the first company to have exported mangoes to Russia via road under the TIR, it opens new vistas for our exports to Russia & Europe via land route," he captioned the post.
Meanwhile, instant TIR transportation will also makes kinnow exports easy, which will take around 10 days to reach Moscow through the Tehran-Astara-Astra Khan route contrary to the sea route that takes more than a month.
The South Asian country has made gains in recent times when it comes to the export of mangoes with Australia and Japan.
Earlier, Adviser for Commerce atnd Investment Razzaq Dawood expressed hope that the exports of Pakistan would reach $50 billion owing to the policy of trade diversification in potential trade sectors by the last fiscal year of the current government.
“Make in Pakistan is the government’s top priority trade policy, which aimed to introduce traditional and non-traditional export sectors and local products in the international trade market”, he said.
Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Sunday.
On Sunday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.
Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.37||36.72|
|New Zealand Dollar||NZD||175.33||177.33|
Gold prices decreased in local markets in line with the trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs216,300, and 10 grams of 24k gold costs Rs185,450.
Single tola of 22 Karat Gold price costs Rs198,274, 21 karat rate per tola costs Rs189,263 and 18k gold rate is Rs162,225 for each tola.
In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Sunday.
|Lahore||PKR 216,300||PKR 2,486|
|Karachi||PKR 216,300||PKR 2,486|
|Islamabad||PKR 216,300||PKR 2,486|
|Peshawar||PKR 216,300||PKR 2,486|
|Quetta||PKR 216,300||PKR 2,486|
|Sialkot||PKR 216,300||PKR 2,486|
|Attock||PKR 216,300||PKR 2,486|
|Gujranwala||PKR 216,300||PKR 2,486|
|Jehlum||PKR 216,300||PKR 2,486|
|Multan||PKR 216,300||PKR 2,486|
|Bahawalpur||PKR 216,300||PKR 2,486|
|Gujrat||PKR 216,300||PKR 2,486|
|Nawabshah||PKR 216,300||PKR 2,486|
|Chakwal||PKR 216,300||PKR 2,486|
|Hyderabad||PKR 216,300||PKR 2,486|
|Nowshehra||PKR 216,300||PKR 2,486|
|Sargodha||PKR 216,300||PKR 2,486|
|Faisalabad||PKR 216,300||PKR 2,486|
|Mirpur||PKR 216,300||PKR 2,486|