President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on U.S. imports that have raised the stakes for the world’s two biggest economies and rattled financial markets. Data on Wednesday showed China’s gross domestic product (GDP) grew 5.4% in the January-March quarter from a year […]
According to official data, exports to North America rose by 9.7%, reaching 4.2 billion dollars. A large portion, around 94%, of Pakistan’s exports to the U.S. comprised textiles and garments, highlighting the sector’s key role in the country’s export economy. The increase is attributed to improved trade facilitation under the Special Investment Facilitation Council (SIFC) […]
The tech giant has ramped up production in India, exporting approximately 600 tons of iPhones, equivalent to 1.5 million devices, to the United States via chartered cargo flights. The move comes as Apple seeks to reduce its reliance on China, where a 125% tariff on imports has significantly increased costs. In contrast, imports from India […]
The announcement was made in an official notice submitted to the Pakistan Stock Exchange (PSX) on Friday. The notification stated, “We are pleased to inform you that Honda Atlas Cars Limited is planning to introduce HEV models shortly”. The company further emphasized that the initiative reflects its ongoing commitment to innovation, environmental sustainability, and providing […]
The prime minister, chairing a review meeting on the Export Facilitation Scheme (EFS) here, said that increasing the country’s exports to boost national revenue was among the government’s priorities. During the meeting, interim recommendations of the committee formed to make the scheme more effective and benefitting the export sector were presented. The prime minister instructed […]
Pakistan’s energy sector is grappling with challenges, including high electricity tariffs and surplus generation capacity. The rapid expansion of solar energy has further complicated the landscape, as more consumers turn to alternative energy sources to mitigate high costs. Bilal Bin Saqib, chief executive officer of the council, told Reuters the location of the mining centre […]
Exports during July-March (2024-25) were recorded at $24.690 billion against $22.926 billion during July-March (2023-24), according to Pakistan Bureau of Statistics (PBS) data. On the other hand, imports into the country went up by 6.33 percent by growing from $40.054 billion last year to $42.589 billion during the first nine months of the current year. […]
The levies, announced by the commerce ministry and scheduled to take effect on March 20, match the 100% and 25% import duties Canada slapped on China-made electric vehicles and steel and aluminum products just over four months ago. By excluding canola, which is also known as rapeseed, and was one of Canada’s top exports to […]
Exports during July–January (2024–2025) were recorded at Rs. 5,448,181 million as against Rs.5,081,403 million during the corresponding period of last year, according to provisional figures released by PBS. According to the provisional figures compiled by the Pakistan Bureau of Statistics, exports from Pakistan during January 2025 amounted to Rs.822,732 million (provisional) as against Rs. 809,554 […]
This shows a growth of 28.04 percent as compared with the US $ 1.455 billion earned through the provision of services during the corresponding months of the last fiscal year 2023-24, the Pakistan Bureau of Statistics (PBS) reported. During the months under review, the computer services grew by 34.54 percent as it surged from US […]
