Tag: imports
-
US remains top export destination for Pakistan in July 2024
In July 2024, the United States emerged as Pakistan’s leading export destination, with shipments totalling $476.02 million, marking an 8.2 per cent increase compared to the $439.89 million recorded in the same month last year, according to data released by the State Bank of Pakistan.
-
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.
-
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).
-
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).
-
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.
-
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).
-
Pakistan’s imports drop sharply, leading to 42% reduction in trade deficit
Pakistan’s trade deficit for the first three months of the fiscal year 2023–24 has notably contracted by 42.25 per cent to reach $5.29 billion. This remarkable reduction is primarily attributed to a significant decrease in imports, a direct consequence of carefully administered measures. Data released by the Pakistan Bureau of Statistics (PBS) reveals that the…
-
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.
-
Significant decline in mobile phone imports in two months
In the current financial year, the volume of imports of mobile phones was 89.93 million dollars In the first two months of the current financial year, a significant decline has been recorded in the imports of mobile phones. According to data from the State Bank of Pakistan, the volume of imports of mobile phones in…
-
SBP-held forex reserves rise by $12 million to $8.05 billion, sufficient to cover over two months’ worth of imports
The State Bank of Pakistan (SBP) announced a rise of $12 million in its foreign exchange reserves, reaching $8.05 billion, as detailed in a statement released on Thursday. The nation’s overall liquid foreign reserves, encompassing both SBP and commercial banks, amounted to $13.379 billion as of August 11. Among these, commercial banks held net reserves…