Opec+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas […]
Exports
Mango exports shrink as Middle East war impacts linger
Beneath the scorching sun in Pakistan’s southern mango belt, labourers balance on tree branches, working at a swift pace to throw the freshly picked fruit into sacks held ready by farmhands waiting below. Though mango season is well underway, far less of the fruit will be bound for the lucrative export market than usual, with […]
IT exports surpass $4 billion for first time
Pakistan’s Information Technology (IT) sector has achieved a historic milestone, with export earnings crossing the $4 billion mark for the first time during the first eleven months of the current fiscal year, underscoring the industry’s growing contribution to the national economy. According to data released by the State Bank of Pakistan (SBP) on Wednesday morning, […]
ICT exports rise 19.7% to reach $3.38bn
Pakistan’s Information and Communication Technology (ICT) sector continued its strong growth trajectory, with ICT export remittances rising 19.7 per cent to a record $3.38 billion during July-March FY2026, according to the Economic Survey of Pakistan 2025-26 unveiled by Finance Minister Muhammad Aurangzeb. The survey showed that Pakistan had 34,420 registered IT and IT-enabled Services (ITeS) […]
Pakistan’s trade deficit widened by 17.5 percent
Pakistan’s trade deficit widened by 17.5 percent during the first eleven months of fiscal year 2025-26, reflecting continued pressure on the country’s external sector as exports declined while imports increased. Read More: Pakistan trade deficit reaches $34.76 billion According to data released by the Pakistan Bureau of Statistics, the goods trade deficit reached $34.76 billion during […]
Young exporters stress budget reforms to boost exports
Young Exporters Association Chairman Shoaib Ayub Battalvi called for urgent structural reforms in the federal budget 2026-27 to accelerate exports, fortify foreign exchange reserves and place Pakistan’s economy on a path to sustainable growth. In a media statement issued here Monday, Battalvi said that expanding exports was the need of the hour, as a robust […]
Seafood exports cross $500m milestone for first time
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday announced that the country’s exports of fish and fisheries products have surpassed the $500 million mark for the first time, calling it a landmark achievement for the maritime sector and the blue economy. The minister said the government’s target of $500 million for the […]
Pakistan’s exports to US up by 2% to $4.63bn
Pakistan’s export of goods and services to the United States (US) witnessed an increase of 2 per cent during the first nine months of the current fiscal year (2025-26) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to US were recorded at […]
Potato exports hold steady at 248,000 tonnes
Pakistan exported approximately 248,000 tons of potatoes during the July-January period of FY2025-26, maintaining a stable presence in international markets despite shifting trade conditions. In value terms, exports stood at around $56 million, according to official data available with Wealth Pakistan, reflecting consistent demand and supply continuity during the period. The United Arab Emirates emerged […]
PM for boosting gemstones exports using local resources
Prime Minister Muhammad Shehbaz Sharif, Monday said that Pakistan had been blessed with abundant natural resources, including precious stones, and stressed that the sector offered strong potential to increase exports using local resources. The prime minister chaired a high-level review meeting focused on aligning Pakistan’s gemstone mining and processing sector with international standards and enhancing […]