Exports comprising computer services and call center services during the first five months (July-November) of the current fiscal year 2024-25 stood at $1.530 billion as against $1.152 billion during the same period of the previous fiscal year. According to official data, IT export remittances increased by nearly 25 percent on a year-on-year basis in November […]
In November, exports rose by 8.98 percent, reaching $2.804 billion, compared to $2.573 billion in the last fiscal year. Conversely, imports fell by 2.92 percent to $4.393 billion in November, compared to $4.525 billion during the same month of the previous fiscal year. Five-Month Overview During the first five months of the current fiscal year, […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.60 and Rs 279.10 respectively. The price of the Euro increased by Rs 1.17 to close at Rs 293.99 against the last day’s closing of Rs 292.82, according to the State […]
In September, services exports reached 656.99 million dollars, marking over a seventeen percent increase. The main reason behind the increase in services exports is the significant growth in the IT sector. It is important to mention here that the exports from the country in the rupee term witnessed an increase of 9.57 percent during the […]
As compared to the exports of $123.965 million during fiscal year 2023-24, the fish exports during the period under review witnessed a decline of 6.33 percent, according to PBS data. In terms of quantity, the exports of fish and fish preparations decreased by 0.04 percent during the period when compared to exports of 54,562 metric […]
Pakistan’s current account has posted a surplus for the third consecutive month driven by robust growth in remittances and exports. The current account posted a deficit of $287 million in October 2023, the SBP reported. In the first four months of the previous fiscal year, the current account deficit stood at $1.528 billion, highlighting a […]
TDAP is providing subsidized stalls to increase the exports of suiting, casual wear, ladieswear, sportswear/functional fabrics, shirting, denim, children & infant wear, swimwear & lingerie, knitwear, knitted fabrics, weaving, hosiery socks, apparel textiles, home fabrics, bed linen & blankets, bathroom textiles, kitchen textiles, curtains, furniture & upholstery, carpets, wall coverings, textile processing, textile machinery, and […]
The pharmaceutical exports from the country were recorded at US $105.936 million during July-September (2024-25) against the exports of US $80.796 million during July-September (2023-24), according to the latest figures released by the Pakistan Bureau of Statistics (PBS). Meanwhile, year-on-year basis, the pharmaceutical exports witnessed an increase of 61.55 percent during the month of September […]
“These parks are expected to not only generate employment opportunities for IT professionals but also attract millions of dollars in valuable foreign exchange, boost the IT industry, and increase exports once they are completed and fully operational,” said an official of the Ministry of Information Technology. He said the foundation stone of an IT park […]
The textile exports from the country were recorded at US $4.520 billion during July-September (2024-25) against the exports of US $4.127 billion during July-September (2023-24), the Pakistan Bureau of Statistics (PBS) said. The textile commodities that contributed to trade growth included cotton cloth the export of which increased by 10.20 percent to $523.63 million from […]
