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imports

Palm oil imports increase 34% to $1.585bn in fiscal year

ISLAMABAD: The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were

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

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

Gold imports decrease 53% in seven months

ISLAMABAD: The gold imports into the country decreased by 52.99 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The gold imports during

Pakistan receives $1.1bn financing from ITFC for oil, LNG imports

ISLAMABAD: Pakistan and the International Islamic Trade Finance Corporation (ITFC) signed a $1.1bn trade financing facility for the import of oil and liquefied natural gas (LNG) in the current year. The document was signed by Secretary Economic Affairs Division Noor

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

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

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

Cement sales grow 4.19% in November

KARACHI: The cement sector posted a growth of 4.19% in sales during November 2020 compared to the same month last year. This was the lowest monthly growth in current fiscal year after a double-digit rise in September and October 2020.

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

POL import bill shrinks 24.56% to $3.153bn in four months

ISLAMABAD: The import of petroleum products declined by 24.56 percent during the first four months of the current fiscal year (FY2020-21) as compared to the corresponding period last year. According to the latest data issued by the Pakistan Bureau of

Mobile phone imports increased 83.17% in July-Sept quarter

ISLAMABAD: The import of mobile phones into the country has witnessed an increase of 83.17 percent during the first quarter of financial year 2020-21 as compared to the corresponding period last year. Pakistan imported mobile phones worth $492.894 million during

US, Brazil must reduce dependence on China imports: Pompeo

WASHINGTON (REUTERS): US Secretary of State Mike Pompeo warned the United States and Brazil need to reduce their dependence on imports from China for their own security as the two countries reinforced their business partnership. At a virtual summit on

Rupee strengthens by Rs 0.21 against dollar

KARACHI: The exchange rate of Pakistani rupee on Thursday increased by Rs0.21 against the US dollar. The greenback is currently trading at 166.55 against the domestic currency at the interbank foreign exchange market. The dollar had finished at Rs166.76 against

India mulls curbing Malaysian imports over IOK criticism

MUMBAI: India has planned on curbing imports of some products from Malaysia including palm oil, in reaction to its premier criticising New Delhi for its actions in Indian occupied Kashmir (IoK). A discussion was led by the Ministry of Commerce

UGDC, Singapore-based Trafigura signs deal over LNG import

ISLAMABAD: Universal Gas Distribution Company (UGDC) and Trafigura, renowned commodity trading firm in Singapore, have signed a partnership contract for managing and transporting LNG. Trafigura has a long-standing existence and involvement in the Pakistani market. It possesses the surplus capacity

Oil imports sharply decline by 26 percent in current fiscal year

ISLAMABAD: The oil import bill showed a sharp decline of over 26% in the first two months of the  current fiscal year from year ago according to data released by the Pakistan Bureau of Statistics (PBS). The data analysis shows that all groups, including food

FBR slashes duties on import of cellular phones

KARACHI: Federal Bureau of Revenue has proposed to cut down the import duties on the import of cellular phones by 50 percent. FBR said in a statement that it suggests slashing the duties for providing relief to a common man

Senate asks govt to impose single tax on imports

ISLAMABAD: The commerce division was asked by the Senate Standing Committee on Commerce and Textile to develop a mechanism which can reduce multiple taxations imposed on imports.  Senator Muhammad Afridi chaired the meeting. The impact of infrastructure tax imposed by