Seafood exports increase by 1.85% in FY21
ISLAMABAD: The exports of fish and fish preparations increased by 1.85 percent during the fiscal year 2020-21 as compared to the corresponding period of last year. The seafood exports during July-June (2020-21) were recorded at $414.193 million against the exports
PM Imran Khan to head National Export Development Board
ISLAMABAD: Prime Minister Imran Khan will lead as chairman of the newly-constituted National Export Development Board (NEDB). The Ministry of Commerce has formed the NEBD to “increase Pakistan’s export competitiveness”. According to the notification, Prime Minister Imran Khan has been
Pakistan’s exports to US increase 39% to reach $5.2bn
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Pakistan’s exports to the United States during fiscal year 2021 increased by 39 percent as compared to year 2020. In a tweet, the commerce adviser
Cement export reach $253.5mn in fiscal year
ISLAMABAD: The exports of cement from the country witnessed an increase of 4.57 percent during the eleven months of financial year 2020-21, against the exports of the corresponding period of last year. According to the Pakistan Bureau of Statistics (PBS),
Exports target set at $35bn for next fiscal year: Commerce Adviser
ISLAMABAD: Advisor to the Prime Minister for Commerce and Investment Abdul Razaq Dawood said the government had set the export target of $35 billion for the upcoming Fiscal Year 2021-22. The commerce adviser made the remarks while addressing the post-budget
Exports increase 13.6% to reach $20.9bn in FY2020-21
ISLAMABAD: The exports from the country during July-April 2020-21 had reached $20.9 billion compared to $ 18.4 billion during the same period last year, showing an impressive growth of 13.6 percent. The country’s exports shown a growth of 13.6 percent
USA, UK, China top three destinations for Pakistani exports
KARACHI: United States of America (USA) remained the top export destination of Pakistani products during the first ten months of financial year 2020-21, followed by United Kingdom (UK) and China. The total exports to the USA during July-April (2020-21) were
Pakistan exports to EU increase by $1.1bn in fiscal year
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said that Pakistan exports to European Union (EU) countries increased by $ 1.1 billion during the last ten months of current Fiscal Year 2020-21. The exports increased by
Pakistan’s exports to USA increase 11.86% in fiscal year
ISLAMABAD: Pakistan’s exports of goods and services to the United States of America (USA) witnessed a surge of 11.86 percent during the eight months of financial year (2020-21) compared to the corresponding period last year. The overall exports to USA
Exports increase 8.74pc to Rs2.651 trillion in fiscal year
ISLAMABAD: The exports from Pakistan in rupee terms increased by 8.74 percent during the first eight months of the current fiscal year as compared to corresponding period of last year. The exports during July-February (2020-21) were recorded at Rs. 2,651,474
Current account deficit shrinks to $50 million in Feb
ISLAMABAD: Pakistan’s current account deficit narrowed to $50 million in February 2021 as compared to the deficit of $210 million in January and $652 million in December 2020. The current account balance in February 2020 witnessed a deficit of $197
Rice exports decrease 4.26 percent in fiscal year
ISLAMABAD: Different food commodities worth $2.854 billion were exported during first eight months of current financial year as compared the exports of $3.032 billion of same period of last year. During the period from July-February 2020-21, food exports witnessed a
Textile exports increase 6.69% to $9.9 billion in fiscal year
ISLAMABAD: The exports of textile commodities witnessed an increase of 6.69 percent during the first eight months of the current fiscal year as compared to the corresponding period last year. The textile exports were recorded at $9,999.770 million in July-February
Pakistan’s exports to Afghanistan decrease 14.13% in 7 months
ISLAMABAD: Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 14.13 percent during the seven months of the current financial year (2020-21) as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported.
Textile exports increase 8% from July-Jan FY21
KARACHI: Textile and clothing exports increased over eight percent to $8.76 billion on a year-on-year basis in the seven months of the current fiscal year, according to data released by the Pakistan Bureaus of Statistics. The data revealed that the
Furniture exports decrease 14.53% in six months
ISLAMABAD: The exports of furniture witnessed a decrease of 14.53 percent during the first half of the current financial year (2020-21) as compared to the exports of the corresponding period last year. Pakistan exported furniture worth $1.547 million during July-December
Textile exports increased 7.79% to $7.44bn in first half of fiscal year
ISLAMABAD: The exports of textile commodities witnessed an increase of 7.79 percent during the first half (H1) of the current fiscal year as compared to the corresponding period of last year. According to the latest data by Pakistan Bureau of
Sindh govt seeks ban on tomato imports, steps for onion exports
KARACHI: The Sindh government has written a letter to the federal government seeking a ban on import of tomatoes and taking steps for the export of onion crop. Sindh’s Agriculture Department has written a letter to Federal Minister for National
Exports increased 5% in first half of fiscal year, 18.31% in Dec
ISLAMABAD: The exports from the country increased by 4.98 percent during the first half (H1) of the current fiscal year (2020-21) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the
Construction of new airports to help boost exports, tourism: President Alvi
ISLAMABAD: President Dr Arif Alvi has said the establishment of Sialkot International Airport Limited (SIAL) will enhance exports and trade activities besides boosting the tourism sector of the country. He made these remarks in a meeting with the management of
Trade deficit widens to $9.6 billion
ISLAMABAD: Pakistan’s trade deficit marginally widened to $9.6 billion in the first five months of current fiscal year due to a nominal increase in both exports and imports, Pakistan Bureau of Statistics (PBS) reported. During July-November 2020, exports slightly increased
Exports increase 2.11% in five months, 7.67% in November
ISLAMABAD: The exports increased by 2.11 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics reported. The exports during July-November (2020-21) were recorded at $9.737
Gold imports decline 58.54% in four months
ISLAMABAD: The imports of gold witnessed a decline of 58.54 percent during the first four months of the current fiscal year as compared to the corresponding period of last year. The gold imports during July-October (2020-21) were recorded at $2.341
Pakistan’s economy continues to improve: Hammad Azhar
ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that Pakistan’s economy continues to improve. Hammad Azhar took to Twitter and wrote that Pakistan’s trade deficit continues to shrink. According to him, industrial production is showing strong growth. Pakistan’s
Exports in August dropped by 19.5% due to monsoon rains
KARACHI: Exports for the month of the last month have recorded a downfall of 19.5 percent, in dollar value, as compared to the same period last year. During the same month, the imports also dropped by 20 percent as compared
Pakistan exported rice worth $2.5 billion last year: Minister
ISLAMABAD: Federal Minister for National Food Security and Research (NFSR) Syed Fakhar Imam has said the quality of Pakistan’s rice is acceptable globally. The minister was attending a webinar on Sustainable Rice Production for Boosting Rice Export of Pakistan. He
Export increased by 5.8% in July 2020 despite lockdown: Adviser
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Pakistan witnessed an increase in exports despite the coronavirus lockdown. The adviser said that according to the trade summary report, exports for the month of
Current account deficit shrinks 73 percent
ISLAMABAD: Pakistan’s current account deficit during the first three quarters of the current fiscal year shrank by 73 percent to $2.768 billion compared to $10.284bn in the same period last fiscal year, data released by the State Bank of Pakistan
Blood on the street
Coronavirus has dreadfully affected the Chinese economy in the past three months. More than a dozen countries have banned Chinese products as the outbreak has infected more than 40,000 people in the Sino region. Furthermore, international carriers have also canceled
ECC decides to impose immediate ban on sugar exports
ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet on Monday has decided to impose an immediate ban on the export of sugar to keep prices under control. Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez chaired the
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