USA, UK, China remain top three export destinations

KARACHI: United States of America remained the top export destinations of Pakistani products during the first eleven months of financial year 2020-21, followed by United Kingdom and China. Total exports to the USA during July-May (2020-21) were recorded at $4473.917

ECC approves release of RLNG subsidy for export industry

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet approved the release of subsidy for the supply of RLNG to export-oriented industry for the month of March last year. Federal Minister for Finance and Revenue Shaukat Tarin presided over

Iran lifts restrictions on import of Pakistan’s kinnow

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi said that Iran has lifted restrictions on import of kinnow (citrus) from Pakistan which had been in place since 2012. Pakistan has witnessed a decline in kinnow exports this year due to to

Oil import bill shrinks by 21.7% to $6.44bn

ISLAMABAD: The oil import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth $6445.601 million during July-February (2020-21)

Spices export increases 4.55% in first half of FY20-21

ISLAMABAD: The export of spices from the country witnessed an increase of 4.55 percent during the first half of financial year 2020-21, against the export of the corresponding period last year. Pakistan exported spices worth $ 41.071 million during July-December

NKATI appeals PM to ban cotton yarn export

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), Sadiq Mohammad, Chairman UFG, have appealed to Prime Minister Imran Khan to an immediate ban on the export of cotton yarn for continuing industrial production and save

Pakistan’s basmati rice export surpasses last year’s level

ISLAMABAD: Pakistan’s basmati exports which were slightly lower last year, have increased in 2020. According to the statistics agency, rice exports in 2020 were 16 percent lower than in 2019. In the year 2020, 47,75,445 tons of rice were exported.

Mango exports increased to $104 million in 2019-20

ISLAMABAD: The Ministry of Commerce has disclosed that the export of local Mango increased to $104 million in 2019-20 from $78 million in the previous year 2018-19. The main markets for Pakistan’s export are United Arab Emirates, United Kingdom, Afghanistan,

ADB approves $300mn loan to enhance trade competitiveness

ISLAMABAD: The Asian Development Bank (ADB) will provide a $300 million loan to help promote macroeconomic stability in Pakistan to enhance trade competitiveness and facilitate export diversification. An agreement of Trade and Competitiveness Programme was signed in Islamabad on Friday.

Sports goods exports increase 6.44% to over $26 million in July

ISLAMABAD: The exports of sports goods witnessed an increase of 6.44 percent during the first month of the current fiscal year 2020-21 as against the exports of the corresponding month last year. The country exported sports goods worth $26.169 million

Cement company wins export orders to Philippines

ISLAMABAD: Advisor for Commerce and Investment Abdul Razak Dawood has congratulated DG Khan Cement for making a breakthrough in winning orders for exporting cement to the Philippines. In a statement on Twitter, the adviser said, “This follows on their success

Japan keen to import basmati rice, allows export of mangoes

ISLAMABAD: Japan has shown keen interest in developing mutual agricultural research and importing basmati rice from Pakistan to further strengthen bilateral trade and economic cooperation between the two countries. Ambassador of Japan Matsuda Kuninori called on Minister for National Food

Exporters hail govt decision of exports PPEs

ISLAMABAD (APP): The Textiles and Personal Protective Equipment (PPEs) exporters have hailed the government decision for approval for exporting all PPEs items. All PPEs items include, woven and non-woven, which provides opportunity to cater to the demands of world markets.

ECC mulls increasing wheat support price to Rs.1400 per 40kg

ISLAMABAD: Adviser on Finance Hafeez Sheikh on Wednesday chaired a meeting of the Economic Coordination Committee (ECC) which discussed a four-point agenda. The ECC approved a proposal by power division for a special relief package to further continue provision of

Sindh rejects ban on onion exports: minister

KARACHI: Agriculture Minister of Sindh Ismail Rahoo has said that the province rejected the ban on exports of onions imposed by federal government. In a statement, Ismail Rahoo has claimed that the production of onions was higher than the amount

Saudi prince gets approval to export 50 falcons from Pakistan

ISLAMABAD: The federal government has given special approval for Prince Fahd bin Sultan bin Abdul Aziz Al-Saud of Saudi Arabia to export 50 unique falcons from Pakistan to Saudi Arabia during the period 2019-20. As per details, the Falcons of

Cargo import, export reaches 66,600 tones at Khunjerab Pass

ISLAMABAD: The Federal Ministry for Information on Monday has said that import and export with China have reached 66,600 tones in the first eleven months at Khjunrab  Pass in northwest China’s Xinjiang region. In a twitter message, the Ministry for

Govt’s economic policy to enhance export sector: Finance Adviser

ISLAMABAD: Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Monday said that the ‘axis of the government’s economic policy is to enhance the export sector’ as he announced various decisions to boost construction and export activities. The

Indonesian market is beneficial for Pakistani exporters: envoy

RAWALPINDI: Indonesian High Commissioner Iwan Suyudhie Amri has said on Monday that Indonesia is a thriving industry with a high potential for Pakistan products. The envoy while speaking to the business community on Monday in the Rawalpindi Chamber of Commerce