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 […]
Addressing the signing ceremony, Caretaker Prime Minister Anwaar-ul-Haq Kakar said the agreement not only paves the way for the export of our pink rock salt but also symbolizes a landmark achievement for our nation’s investment climate. He said two hundred million dollar investment in this initiative is a resounding vote of confidence in our economic […]
One of the main reasons the nation repeatedly requests bailouts from the International Monetary Fund (IMF) is the small size and slow growth of its exports. Not only is Pakistan’s export profile small, but it is also undiversified. The textile sector is primarily responsible for about half of Pakistan’s total exports of products and services […]
In a press briefing, Dawood said that Pakistan’s export growth, increased 18% in the last financial year. Exports in June were $2.7 billion, which was the highest in a single month. Dawood praised exporters for higher volume. Export in the services sector were $6 billion and so the combined total exports (of goods plus services) […]
Mango exports from Pakistan are expected to increase by seven percent to reach 150,000 tons this year. This is even though the industry faces adverse climate change and water shortage issues and COVID-related movement restrictions. The boost to exports is likely to come after the Australian Department of Water, Agriculture, and Environment has approved two […]
