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 […]
As per details, the Pakistan government is trying to lower the sugar prices, but millers are not interested, the sources said. Currently, the sugar is being sold at Rs155 per kg, but the government wants to lower the prices of the commodity to Rs120 per kg. However, the sugar millers are of the view that […]
What a paradoxical situation it is as the miseries of industries are an achievement for the government that has met an International Monetary Fund (IMF) loan condition to either make gas unaffordable for in-house power generation or completely cut it off. The government has chosen the first option, which became the reason for the PBC […]
The growth, driven by the efforts of the Special Investment Facilitation Council, includes key sectors such as textiles, leather, garments, sports goods, and surgical instruments. In October 2023, the European Parliament approved the extension of Pakistan’s GSP Plus status until 2027. The GSP Plus scheme provides preferential market access and exemptions from duties on certain […]
Replying to a query during the Question Hour in the National Assembly, Shaza Fatima said that the ICT exports reached approximately $1.86 billion during the first six months of the current financial year. She attributed the growth to ‘improved’ internet usage and speed in the country. The minister also acknowledged that internet users are facing […]
According to official documents, Pakistan’s exports account for only 10 percent of its Gross domestic product (GDP) as compared to up to 27 percent in other regional countries. The country’s export sector has been declining over the past decade, with its share of GDP dropping from 13 percent in 2010 to 10 percent in 2024. […]
This massive increase has made sugar the largest contributor to Pakistan’s exports to Afghanistan with a record 3473 percent increase from July to December 2024. According to the official figures, sugar exports reached $211.8 million compared with $5.9 million during the corresponding period in 2023. Overall Pakistani exports to Afghanistan have also increased by 52 […]
The improvement in the current account surplus is attributed to the contributions of the Special Investment Facilitation Council and an increase in foreign exchange reserves. For the first five months of the current financial year, the current account surplus is nearing one billion dollars. Additionally, the economy has seen a rise in remittances, driven by […]
