Mobile phone import fall by 5% in July 2024
Mobile phone imports drop by 5% year-on-year in July 2024. According to the Pakistan Bureau of Statistics, $65 million in foreign exchange was spent on mobile phone imports in July, which is 5% less compared to July last year. In July of the previous year, $68 million was spent on
Pakistan’s current account deficit narrows by 78% in July
Pakistan’s Current Account Deficit (CAD) decreased by 78% in July 2024, dropping to $162 million from $741 million in the same month last year, according to the State Bank of Pakistan (SBP). However, the deficit was higher than anticipated due to an increased trade deficit of $2.4 billion reported by
Pakistan’s exports surged in first month of FY24
Pakistan’s merchandise exports experienced a significant increase of 11.83% in the first month of the current fiscal year, climbing to $2.31 billion from $2.06 billion in the same month last year, according to the latest data released by the Pakistan Bureau of Statistics (PBS). Despite this year-on-year growth, a month-on-month
Pakistan sends its first-ever cherry shipment to China
Pakistan recently achieved a significant milestone by successfully exporting its first-ever cherry consignment to China via the Gilgit-Baltistan region. Despite the region producing approximately 5,000 tonnes of cherries per season, local markets often witness these prized fruits being sold at low prices. However, with the recent protocol established with China,
