Karachi, April 18, 2026 – Pakistan’s imports from the United Arab Emirates (UAE) declined sharply in March, while exports posted a modest increase, as regional tensions linked to the Iran conflict disrupted trade flows, central bank data showed.
(more…)Tag: import bill
This tag provides stories related to import bill. PkRevenue committed to provide updated news article on import bill as soon as those appear. Import bill is very important for Pakistan as it shows how much country is spending foreign exchange.
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Pakistan’s Import Bill Witnesses 14.11% Decline in 7MFY24
Islamabad, February 2, 2024 – Pakistan’s import bill has experienced a substantial decline of 14.11 percent during the first seven months (July – January) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. This decline reflects a positive trend in the country’s trade balance.
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Pakistan’s Import Bill Plunges by 16.28% in 1HFY24
Islamabad, January 2, 2024 – Pakistan’s import bill has witnessed a substantial decline of 16.28 percent during the first half (July – December) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.
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Pakistan Achieves Impressive 43% Decline in Trade Deficit During FY23
Islamabad, July 3, 2023: Pakistan has made significant progress in its trade dynamics, as official data released on Monday reveals a remarkable 43% decline in trade deficit during the fiscal year 2022-23 when compared to the preceding fiscal year.
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Pakistan’s Petroleum Import Bill Plunges by 22%
Islamabad, June 16, 2023 – The import bill for Pakistan’s petroleum group has experienced a significant decline of 22% due to falling international oil prices and reduced domestic demand.
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Pakistan’s Import Bill Surges by 43% in May 2023, Trade Deficit Widens
Karachi, June 2, 2023 – Pakistan’s import bill experienced a substantial increase of 43% in May 2023, reaching $4.28 billion compared to $2.99 billion in the previous month, according to official statistics released on Friday. In contrast, exports recorded a nominal increase, reaching $2.19 billion in May 2023 compared to $2.14 billion in April 2023.
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Pakistan exports plummet by 10% during July – March 2022-2023
Exports of Pakistan have plummeted by 10 percent during nine month (July – March) 2022-2023, official data revealed on Monday.
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Pakistan’s exports decline by 5.8pc in 1HFY23
ISLAMABAD: Pakistan’s exports have declined by 5.8 per cent in the first half (July – December) of fiscal year 2022-2023, according to official trade data released on Tuesday.
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Pakistan’s trade deficit narrows by 18% in July 2022
ISLAMABAD: Pakistan’s trade deficit narrowed by 18 per cent in the month of July 2022, according to data released by Pakistan Bureau of Statistics (PBS) on Tuesday.
The contraction in trade deficit may be attributed to decline in import bill. The import bill of the country fell by 13 per cent to $4.86 billion in July 2022 as compared with $5.57 billion in the same month of the last year.
READ MORE: Pakistan’s import bill records over $80 bn in 2021/2022
However, the exports of the country also fell by 5.17 per cent to $2.22 billion in the month of July this year as compared with $2.34 billion in the same month of the last year.
The trade deficit sharply narrowed by 46.76 per cent to $2.64 billion in July 2022 when compared with $4.96 billion in June 2022.
The import billion declined by 38 per cent to $4.86 billion in July 2022 as compared with $7.88 billion in June 2022.
Meanwhile, the exports also fell by 24 per cent to $2.22 billion in July 2022 when compared with $2.92 billion in June 2022.
READ MORE: Pakistan’s trade deficit balloons $43.33 bn in 11 months
Analysts at KASB KTrade Securities attributed to the strict import control measures which were put in place last month.
They said this is the lowest trade deficit level in the last 15 months.
“We think this should support the current account situation and will provide some confidence to the investors regarding the ability of the government in dealing with macroeconomic challenges,” according to the analysts.
READ MORE: Pakistan’s imports hit record high at $65.47 bn in 10 months
The analysis shows that assuming no change in demand, a 40 per cent reduction in oil prices would turn the deficit into a surplus. This means that if Pakistan had the ability to get cheaper energy from Iran or from Russia, it could have been sufficient to bridge the trade deficit.
“Indeed, that could have had much punitive geo-economics implications and might not be a viable strategy. This also illustrates that if the oil price supply shock due to Ukraine war ends, Pakistan’s economy could return to a more stable condition.”
Building foreign exchange reserves is the only defense strategy against external economic shocks.
READ MORE: Pakistan’s March trade deficit widens by only 5.5%
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Pakistan’s import bill records over $80 bn in 2021/2022
KARACHI: The total import bill of Pakistan has crossed a record $80 billion mark, showing 42 per cent increase during fiscal year 2021/2022, according to official data released on Tuesday.
The total import bill of the country increased to $80.02 billion during fiscal year 2021/2022 as compared with $58.38 billion in the preceding fiscal year, according to data released by Pakistan Bureau of Statistics (PBS).
READ MORE: Pakistan’s trade deficit balloons $43.33 bn in 11 months
The exports of the country also posted an increase of 25.51 per cent to $31.76 billion during the fiscal year under review as compared with $25.30 billion in the preceding fiscal year.
Pakistan posted a record trade deficit of $48.26 billion in the fiscal year 2021/2022 as compared with the deficit of $31.07 billion in the preceding year, showing an expansion in deficit of 55.29 per cent.
READ MORE: Pakistan’s imports hit record high at $65.47 bn in 10 months
The import bill in June 2021 increased by 14 per cent to $7.72 billion when compared with $6.77 billion in the month of May 2022. It was increased by 21.57 per cent when compared with $6.35 billion in June 2021.
READ MORE: Pakistan’s March trade deficit widens by only 5.5%
The exports posted an increase of 10 per cent to $2.88 billion in June 2022 when compared with $2.63 billion in May 2022. The exports increased by 5.83 per cent when compared $2.73 billion with June 2021.
READ MORE: Pakistan’s trade deficit widens to $32 billion in 8MFY22