Miftah Ismail, Former Federal Minister for Finance, has pointed out key reasons behind the massive depreciation in Pak Rupee (PKR) against the dollar. Ismail, who is also General Secretary of PML-N Sindh, in his Tweet on Sundh pointed out a thread on the four main reasons for the recent precipitous decline in the value of […]
ISLAMABAD: The import bill of Pakistan surged by 65.15 per cent during the first four months (July – October) of 2021/2022, according to official statistics released on Tuesday. The import bill increased to $25.06 billion during the first four months of the current fiscal year as compared with $15.17 billion in the same period of […]
ISLAMABAD: Pakistan’s trade deficit has doubled in first quarter (July – September) 2021/2022 owing to sharp increase in import bill, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The trade deficit has ballooned by 100.62 per cent to $11.66 billion during the first quarter of the current fiscal year as […]
ISLAMABAD: Federal Finance Minister Shaukat Tarin presided over a meeting on Monday to review the trade balance situation. Federal Minister for Economic Affairs Division Omar Ayub Khan, Secretary Commerce, Secretary M/o Information Technology, Secretary Finance Division, Governor State Bank of Pakistan Dr. Reza Baqir, Executive Director General BOI, and other senior officers participated in the […]
ISLAMABAD: Pakistan’s trade deficit ballooned by 120 per cent to $7.49 billion in first two months (July – August) of the current fiscal year. The trade deficit was $3.40 billion in the same months of the last fiscal year, according to the Pakistan Bureau of Statistics (PBS). The exports of the country increased by 27.59 […]
ISLAMABAD: The trade deficit has ballooned by 21.6 percent during first 10 months (July – April) 2020/2021 owing to significant increase in import bill during the period, according to trade data released by Pakistan Bureau of Statistics (PBS) on Wednesday. The trade deficit increased to $23.82 billion during first ten months of the current fiscal […]
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 […]
ISLAMABAD: The trade deficit has been widened by 24 percent Year on Year (YoY) in February 2021 owing to increase in imports and decline in exports, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. The import bill for the month of February 2021 increased to $4.56 billion as compared with $4.16 […]
ISLAMABAD: Pakistan’s trade deficit widened by 9 percent or $17.3 billion during first eight months (July – February) 2020/2021 of the current fiscal due to surge in import bill for the period, according to provisional data released by the ministry of commerce. The trade deficit widened to 17.3 billion during first eight months of the […]
ISLAMABAD: The ministry of finance on Monday hoped the inflows of remittances to remain strong enough to support the financing of the trade deficit in coming months. In its monthly economic update and outlook – January 2021, the ministry said that the sudden surge in imports due to the increase in international oil prices and […]