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 […]
According to details, the country’s imports from Iran stood at $533 million from July to November 2024, up from $398 million during the same period last year. The first five months of the fiscal year saw a 34 percent increase in imports from Iran. In November 2024 alone, the volume of imports from Iran reached […]
According to data from the Pakistan Bureau of Statistics (PBS), more than 2.377 million metric tons of rice, including basmati rice and other types, were exported between July and November 2024, valued at $1.515 billion. This is in contrast to the 1.721 million metric tons that were exported during the same period last year, valued […]
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 […]
