Tag: trade
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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’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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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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Israel-Palestine war will not affect any economic agreements, UAE
The trade minister of the United Arab Emirates has clarified that the Israel war on Gaza will not affect any economic agreements. “We don’t mix economy and trade with politics,” Thani al Zeyoudi told reporters in Dubai on Tuesday. Amidst the decades long pro-Palestine policy of the Arab world, UAE was the first Gulf country…
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Fungus found: UAE bans fresh meat imports from Pakistan
The United Arab Emirates (UAE) has imposed a ban on the importation of fresh meat from Pakistan. This decision stems from the discovery of fungal contamination in frozen meat shipments from Pakistan via the sea route. As reported by ARY News, the presence of fungus on meat imported by a Karachi-based company prompted the UAE…
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Rice exports from Pakistan decline by 17.33% in first two months of current fiscal year
During the initial two months of the current fiscal year, a total of 340,237 metric tonnes of rice, with a market value of $233.991 million, were exported. This marked a notable contrast with the previous year’s corresponding period, which recorded exports of 507,144 metric tonnes of rice valued at $283.056 million.
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Pakistani rupee’s fall continues, settles at new record low of Rs301 against US dollar
The Pakistani rupee continued its unsettling descent, marking a fresh all-time low against the US dollar, with a settlement at Rs301 in the inter-bank market on Friday. As reported by the State Bank of Pakistan (SBP), the local currency reached the 301 mark, experiencing a decline of Re0.78 or 0.26 per cent.
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UK introduces new trade plan, offering duty-free access to 94% Pakistani products
The United Kingdom has taken a momentous step in strengthening commercial ties with 64 nations, including Pakistan, by launching a new trading plan that offers duty-free access to goods.
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Pakistan and Russia aim to strengthen bilateral relations in trade, investment, and energy sectors
In an effort to strengthen bilateral relations between Pakistan and Russia, Chairman Senate Muhammad Sadiq Sanjrani engaged in productive talks with Chairman of the Russian Duma, Mr Volodin, during a delegation-level meeting held in Moscow on Wednesday.
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China lifts ban on seafood product imports from Pakistan
China’s General Administration of Customs (GAC) has confirmed the resumption of aquatic product imports from Pakistan and several other countries, aiming to enrich the supply of domestic aquatic products and boost the stability of the seafood industry and supply chains. In a statement released on May 26, the GAC announced that imports from 20 overseas…