Tag: Import restrictions
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More imports, less exports: Pakistan’s trade gap grows in October
Recent trade data for Pakistan reveals a monthly trade deficit increase of $0.6 billion, primarily driven by an $0.8 billion surge in imports.
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Toyota car prices reduced by up to Rs1.3 million in Pakistan
Indus Motor Company, the leading assembler of Toyota-brand vehicles in Pakistan, has made a significant move to benefit its customers.
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Pakistan imports tea worth Rs31.64 billion in just two months
According to data from the Pakistan Bureau of Statistics (PBS), Pakistan’s imports of food items in the first two months of the fiscal year 2023–24 amounted to Rs378.98 billion.
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Inflation in Pakistan stays above 27% despite IMF reforms
Pakistan continues to grapple with soaring inflation, with the rate holding steady at 27.4 per cent in August, according to data released on Friday. This persistent inflationary pressure is partially attributed to the reforms mandated as part of the IMF loan agreement, which have complicated efforts to stabilise prices and curb declines in the national…
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Pak Suzuki’s fiscal year ends with Rs9.68 billion loss: Operational disruptions and low demand
Pak Suzuki Motor Company Limited ({PSMCL) has reported a substantial net loss of Rs9.68 billion for the fiscal year that ended on June 30, 2023. The loss was attributed to import restrictions and weakened demand, causing a significant increase compared to last year’s Rs17.238 million loss.
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Air Link partners with Xiaomi for assembling TVs in Pakistan
Air Link Communication Ltd. will start assembling Xiaomi televisions in Pakistan in January 2024. This noteworthy development, reported by Bloomberg, marks a strategic move forward for the company.
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Chery Pakistan increases Tiggo 4 Price to Rs7 million
In the face of mounting economic uncertainty, import restrictions, and complications surrounding Letter of Credit (LC) transactions, Chery Pakistan has been forced to implement a significant price hike on one of its popular crossover SUVs.
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Pakistan lifts import restrictions to satisfy IMF demand
In a recent development, the State Bank of Pakistan (SBP) has taken the decision to lift all import restrictions as part of fulfilling a condition set by the International Monetary Fund (IMF).
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Proton increases car prices by more than Rs2.1 million in Pakistan
In what has already been a challenging year for Pakistan’s car industry, Al-Haj Automotive, the assembler and seller of Proton cars in the country, has announced a significant price hike across its vehicle lineup. The move comes as the industry continues to grapple with production halts and a series of factors contributing to a worsening…
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IMF’s disapproval of budget raises odds of default and economic fallout for Pakistan
In a recent report, the International Monetary Fund (IMF) expressed criticism of Pakistan’s latest budget, increasing the likelihood that the lender may withhold the much-needed aid before the bailout programme concludes at the end of June. According to Bloomberg, this development could lead to a severe dollar shortage in the first half of the upcoming…