How much have Pakistan’s IT exports grown in five years?
ISLAMABAD: Developing countries like Pakistan aim to increase exports while limiting imports to improve economic indicators and keep the country on the path of development. Pakistan faces a high trade deficit, the gap between imports and exports. The efforts and priorities of various governments have been to reduce imports and
Trump discussed border, trade with Canada’s Trudeau after pledging steep tariffs
A Canadian government official, speaking on the condition of anonymity, told Reuters that it was a positive, wide-ranging dinner that lasted three hours.
Pakistan’s exports surge by 14.1 per cent in Q1 FY24
According to data from the Pakistan Bureau of Statistics, Pakistan’s exports have witnessed a significant boost in the first quarter of the financial year 2024, with a 14.1 per cent increase compared to last year. From July to September 2024, exports reached $7.87 billion, up from $6.9 billion in 2023,
Pakistan’s remittances reach $2.94 billion in August
According to the State Bank of Pakistan, remittances reached $2.94 billion in August. Additionally, Pakistan received $150 million in other foreign inflows during the same month. Moreover, Pakistan imported goods worth $4.71 billion and exported goods worth $2.48 billion in August. In addition, the trade deficit for the month stood
Pakistan’s trade deficit narrows to $3.6 billion in FY25
Pakistan’s trade deficit slightly reduced to $3.6 billion during the first two months of the fiscal year 2024-25, primarily due to an increase in exports, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The trade deficit, was recorded at $3.58 billion for July and August
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 food exports surge 45% in July 2024
Pakistan’s food exports experienced a substantial boost at the start of the fiscal year 2024, with a 45% increase according to the Pakistan Bureau of Statistics. In July, food exports reached over $475.7 million (around Rs132.44 billion), setting a new record for the sector. Moreover, rice exports, including Basmati, saw
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
Trade deficit with 9 regional states expands by 41%
WEB DESK: In the first 11 months of the current fiscal year, Pakistan’s trade imbalance with nine regional nations increased from $5.992 billion to $8.411 billion, a 40.37 percent increase. The increase in imports from China and India during the period under consideration can be linked to the surge in
Pakistan’s trade deficit narrows 15.25% YoY to $21.73bn in 11MFY24
WEB DESK: Pakistan’s trade deficit has shown positive signs, shrinking by 15.25% year-on-year during the July-May period (11MFY24) compared to the same period last year. This improvement is attributed to a notable increase in exports and a slight decline in imports, according to data released by the Pakistan Bureau of
