Tag: exports
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Reduced electricity prices to spur industrial activity and improve exports: Power minister
Power Minister Sardar Awais Leghari announced on Sunday that the government’s decision to reduce electricity tariffs for industries aims to boost industrial activity and exports.
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Pakistan’s exports surge by 8.93% to Rs22.91 billion
Pakistan’s export sector has shown a notable surge, with an 8.93 per cent increase recorded in the initial nine months of the current fiscal year (2023–24) compared to the corresponding period in the previous year.
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Export of onions and bananas banned in first meeting of cabinet
The federal cabinet has approved a ban on the export of bananas and onion till April 15, 2024, a step taken to bring down rates during Ramzan, reporting Geo News. The first meeting of the newly elected federal cabinet was held under the chairmanship of Prime Minister Shehbaz Sharif in which the economic situation of…
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Pakistan records current account deficit of nearly $270 million
In the latest economic update, Pakistan has reported a current account deficit of $269 million for the month of February, according to data released by the State Bank of Pakistan (SBP).
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Pakistan’s exports surpass Rs4,300 billion, up by 35.33% in six months
The Pakistan Bureau of Statistics (PBS) has reported a substantial increase of 35.33 per cent in the country’s exports in rupee terms during the first half of the current fiscal year, as compared to the corresponding period of the previous year.
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Pakistan records $397 million current account surplus as exports, remittances increase
In December 2023, Pakistan’s current account exhibited a noteworthy surplus of $397 million, a stark departure from the $15 million deficit recorded in November, as reported by the State Bank of Pakistan (SBP) on Wednesday.
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Pakistan’s exports to China surge to $1223.5 million
In a noteworthy development, Pakistan’s export of goods and services to China experienced a substantial increase of 39.44 per cent during the initial five months of the current fiscal year (2023–24), as reported by the State Bank of Pakistan (SBP).
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Agricultural boom: Pakistan’s farm exports surge by more than 70%
In October 2023, Pakistan experienced a notable surge in exports, marking a 13.5 per cent increase to reach $2.7 billion, as reported by the Pakistan Business Forum (PBF).
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Knitwear tops the list: Pakistan’s exports surge by 25.54%
In the fiscal year 2023–24, Pakistan’s exports, denominated in rupees, experienced a notable 25.54 per cent increase during the first quarter (Q1) compared to the previous year, as per the Pakistan Bureau of Statistics (PBS).
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Positive change: Pakistan’s current account deficit shrinks to only $8 million
In September, Pakistan’s current account revealed a modest deficit of $8 million, as reported by the State Bank of Pakistan (SBP).