May 7

Pakistan’s imports hit record high at $65.47 bn in 10 months

ISLAMABAD: Pakistan’s imports reached to record high at $65.49 billion during first 10 months (July – April) 2021/2022, according to data released by Pakistan Bureau of Statistics (PBS). The import bill increased by 46.41 per cent to $65.47 billion during first 10 months of the current fiscal year as compared with $44.73 billion in the […]

by Mrs. Anjum Shahnawaz

Pakistan’s trade deficit swells by 100% in 1HFY22

Jan 2

Finance, Top stories

Pakistan’s trade deficit swells by 100% in 1HFY22

ISLAMABAD: Pakistan’s trade deficit has doubled to $24.8 billion during first half (July – December) of 2021/2022 1HFY22. The trade deficit was $12.36 billion in the same half of the last fiscal year. The import bill of the country surged by 63 per cent to $40 billion during the first half of the current fiscal […]

by Mrs. Anjum Shahnawaz

Pakistan’s trade deficit widens by 112% to $20.59 billion

Dec 2

Finance, Top stories

Pakistan’s trade deficit widens by 112% to $20.59 billion

ISLAMABAD: Pakistan’s trade deficit ballooned by 112 per cent to $20.59 billion during the first five months (July – November) of the current fiscal year 2021/2022, according to official data released on Thursday. The trade deficit was at $9.72 billion in the same months of the last fiscal year, revealed by the data released by […]

by Mrs. Anjum Shahnawaz

PM Adviser directs to reduce luxury items import

Dec 2

Finance

PM Adviser directs to reduce luxury items import

ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, has directed the authorities to take measures to reduce the import of luxury items. He was presiding over a meeting to review the balance of trade at Finance Division on Thursday. Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister […]

by Mrs. Anjum Shahnawaz

Pakistan to emerge as food surplus country: PM Imran

Nov 8

Finance, National, Top stories

Pakistan to emerge as food surplus country: PM Imran

ISLAMABAD: Prime Minister Imran Khan has said that Pakistan will emerge from a food deficit to a food surplus country. The prime minister on Sunday said that the prices of oil, gas and edible oil were not in the government’s control. “However the owing to the record crops this year, Pakistan would emerge from a […]

by Mrs. Anjum Shahnawaz

PKR derails to make record low at Rs172.78 to dollar

Oct 18

Money & Banking

PKR derails to make record low at Rs172.78 to dollar

KARACHI: The Pak Rupee (PKR) derailed against dollar on Monday and fell to a new all-time low of Rs172.78 in the interbank foreign exchange market. The rupee fell by Rs1.6 to end at Rs178.78 to a dollar from last Friday’s closing of Rs171.18 in the interbank foreign exchange market. Currency experts said that the market […]

by Hamza Shahnawaz

Import bill sharply grows by 70pc in March

Apr 5

Finance

Import bill sharply grows by 70pc in March

ISLAMABAD: The import bill has recorded an unprecedented growth of 70 percent in March 2021 as compared with the same month of the last year, according to data released by Pakistan Bureau of Statistics (PBS). The country spent $5.63 billion on the imports during March 2021 as compared with $3.31 billion in the same month […]

by Mrs. Anjum Shahnawaz

Pakistan’s trade deficit widens by 8.27 percent to $14.96 billion in July – January

Feb 8

Finance

Pakistan’s trade deficit widens by 8.27 percent to $14.96 billion in July – January

ISLAMABAD: Pakistan’s trade deficit has surged by 8.27 percent to $14.96 billion during the first seven months (July – January) of the 2020/2021 fiscal year, propelled by an uptick in import bills following improved economic activities.

by Mrs. Anjum Shahnawaz

Pakistan’s exports grow by 2.11 percent in five months

Dec 4

Finance

Pakistan’s exports grow by 2.11 percent in five months

ISLAMABAD: Pakistan’s exports have increased by 2.11 percent to $9.737 billion during first five months (July – November) of current fiscal year 2020/2021, according to data issued by Pakistan Bureau of Statistics (PBS) on Friday. The exports of the country were $9.536 billion in the same months of the last fiscal year. The import bill […]

by Mrs. Anjum Shahnawaz

Significant decline in import bill sharply narrows trade deficit by 35 percent in first quarter

Oct 11

Finance

Significant decline in import bill sharply narrows trade deficit by 35 percent in first quarter

ISLAMABAD: Significant decline in import bill helped to sharply narrow the trade deficit by 35 percent during first quarter of current fiscal year, according to data released Pakistan Bureau of Statistics (PBS) on Friday. The trade deficit narrowed by 35 percent to $5.72 billion during July – September 2019 of current fiscal year as compared […]

by Mrs. Anjum Shahnawaz