Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to […]
According to China’s General Administration of Customs, overseas shipments expanded 8.7 percent on-year last month, picking up speed from 7.0 growth in July. The reading was also much better than the 6.6 percent forecast in a Bloomberg survey of analysts. The figures will provide a little encouragement to leaders, who have this year sought to […]
During July, total exports rose by 11.3% YoY to $3.01bn compared to $2.71bn in the same month of last year. While it fell 2.2% as against the exports of $3.08bn in the previous month. Total imports rose 12.2% YoY to $5.6bn as compared to the imports worth $4.99bn recorded in July of last year. Compared […]
According to China’s General Administration of Customs, overseas shipments expanded by 7.0 percent in the last month. That compares with the 8.6 percent increase recorded the month before and short of the 9.5 percent forecast in a Bloomberg survey of analysts. Beijing is seeking to achieve annual national growth of around five percent this year, […]
According to the data released by the Pakistan Bureau of Statistics, Pakistan’s merchandise exports rose by 10.54 percent to 30.64 billion dollars in the financial year 2023-24. The imports fell 0.84 percent to 54.73 billion dollars in fiscal year 2023-24. With the round-the-clock efforts of the SIFC and the Ministry of Commerce, new markets of […]
Pakistan exported pharmaceutical products worth US$ 341.023 million during July-June (2023-24) as compared to the export of US$ 328.210 million during July-June (2022-23), showing a growth of 3.90 percent, according to the Pakistan Bureau of Statistics (PBS). In terms of quantity, the export of pharmaceutical goods also rose by 44.38 percent from 59,213 metric tons […]
Output in Europe’s biggest economy contracted by 0.1 percent compared with the previous three months, federal statistics office Destatis said, after expanding by 0.2 percent in the first quarter. The second-quarter data surprised analysts surveyed by FactSet who had forecast a 0.1-percent increase. The April-to-June period noticeably saw declining investment in equipment and construction, Destatis […]
Pakistan’s exports to China exceeded $468 million, according to the data from the General Administration of Customs of the People’s Republic of China (GACC), said Ghulam Qadir, Investment and Trade Counsellor of the Embassy of Pakistan in China. Ghulam Qadir said that Pakistan’s exports to China increased by 4.96% year-on-year in January-February 2024, according to […]
The cabinet meeting, chaired by Prime Minister Kakar, ratified decisions taken in the ECC meeting. The Economic Coordination Committee (ECC) approved Rs 7,492.75 million proposed for subsidy in account of Ramazan Relief Package 2024 to the targeted beneficiaries of the Benazir Income Support Programme (BISP), which is provided for in the budget for 2023-24. The […]
He was talking to a delegation of Miracle Salt Collective Inc. which called on Caretaker Prime Minister Anwaar-ul-Haq Kakar here. During the meeting, the prime minister hoped that the salt export from the country would increase after the signing of a joint venture between Pakistan Mineral Development Cooperation (PMDC) and Miracle Salt. He said it […]
