Tag: September 2023
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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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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…
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Things will get more expensive amidst soaring petroleum prices: Finance Ministry
Due to the persistent escalation in energy and petroleum prices, it is anticipated that inflation will maintain its elevated trajectory in the months ahead.