The government will streamline import procedures for extreme ultraviolet (EUV), key equipment used for semiconductor manufacturing, as part of a broader effort to help the booming chip industry maintain its manufacturing competitiveness, the industry ministry said Tuesday. Under the revised enforcement decree of the High-Pressure Gas Safety Control Act endorsed by the Cabinet, imports of […]
imports
Pakistan record mobile phone imports surge past Rs455bn
Pakistan recorded a significant rise in mobile phone imports during the current fiscal year, with import spending exceeding Rs455 billion in the first 10 months, according to official documents. Read More: Mobile phone imports soar 40% in early FY26 The data showed that the country imported mobile phones worth more than Rs455.73 billion between July 2025 […]
Petroleum imports up by 1.63% to $13.5 billion in 10 months
The imports of the overall petroleum group witnessed an increase of 1.63 percent during the first ten months of the current fiscal year (2025-26) as compared to the corresponding months of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2025-26) stood at $13,517.296 million […]
China targets balanced trade in 2026 with export, import boost
China plans to expand both exports and imports next year to promote “sustainable” trade, a senior economic official said on Saturday. The announcement comes amid concerns over Beijing’s trillion-dollar trade surplus and global criticism of its export-led growth model. Han Wenxiu, deputy director of the Central Financial and Economic Affairs Commission, said China must “adhere […]
Pakistan’s current account deficit rises to $733m in FY26
Pakistan’s current account deficit has widened sharply to $733 million in the first four months of FY26, a staggering 256pc increase from last year. Fresh State Bank data shows that the deficit is being fuelled not by productive investment but by soaring imports and weakening investor confidence. Read More: Pakistan’s Import Pressure Deepens Economic Trouble Imports of […]
Pakistan’s widening current account deficit raises currency concerns
ISLAMABAD: Pakistan’s current account deficit has widened sharply in recent months, driven by surging imports and stagnant exports, raising concerns over the sustainability of the country’s external position. The growing imbalance is exerting pressure on the rupee, even as robust remittances continue to keep foreign exchange markets liquid. The State Bank of Pakistan (SBP) has […]
Pakistan’s current account deficit widens over 250%
KARACHI: Pakistan’s current account deficit (CAD) surged by more than 255 per cent year-on-year during the first four months of FY26, driven largely by rising imports and stagnant exports, according to data released by the State Bank of Pakistan on Monday. The country recorded a CAD of $733 million in July-October, compared with $206 million […]
Three-month ultimatum: Afghan traders must stop Pakistan trade
KABUL – The Afghan Taliban government has ordered all traders to stop trade with Pakistan, giving them a three-month deadline. Traders must now seek alternative trade routes, Vice Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar said. Officials warned non-compliance will lead to government non-cooperation. Baradar urged Afghan traders and industrialists to shift imports […]
Pakistan’s trade deficit widens 38% to $12.58 billion in four months
ISLAMABAD – Pakistan’s trade deficit widened by more than 38 percent during the first four months of the 2025-26 fiscal year, highlighting growing economic pressures as exports continue to decline. According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit between July and October 2025 stood at $12.58 billion, compared to […]
Pakistan Exempts 57 Items from Certificate of Origin for Trade with Iran
QUETTA – In a major move to strengthen trade ties with Iran, Pakistan’s Ministry of Commerce has exempted 57 items from the requirement of a Certificate of Origin (COO). The decision was announced during a virtual meeting between the Special Investment Facilitation Council (SIFC) and private sector representatives. The meeting was chaired by Member Customs […]