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 […]
imports
Pakistan’s Exports Decline, Trade Deficit Hits $9.4 Billion in Q1 FY2025–26
ISLAMABAD –Official data shows that Pakistan’s exports from 30 out of 71 key sectors fell during the first quarter of fiscal year 2025–26, contributing to slower export growth and an increasing trade deficit. According to the Pakistan Bureau of Statistics (PBS), the trade deficit surged to $9.4 billion between July and September. Exports declined by […]
China’s Trade Surges Despite Looming Tariff Escalation with U.S.
BEIJING – China’s overseas trade grew faster than expected in September, offering a rare boost for its struggling economy just as fears rise over a fresh escalation in the U.S.-China trade war, official data showed Monday. According to the General Administration of Customs, exports jumped 8.3% year-on-year, well above a Bloomberg forecast of 6.6%, while […]
Machinery imports witness 29.37% surge in a month
The imports of the overall machinery group experienced a substantial increase of 29.37 percent during the first one month of the current fiscal year (July 2025-26) compared to FY 2024-25. The growth in machinery imports would help elevate productivity and spur technological advancements in essential sectors, leading to economic expansion and progress in infrastructure development. […]
Government to suppress imports for next 3 months: Miftah Ismail
The government will start regulating imports for the following three months, according to Finance Minister Miftah Ismail, even if it means slower growth. While addressing a ceremony at the Pakistan Stock Exchange, he said, “ I simply won’t allow an increase in imports for three months, and we’ll develop a strategy in the meantime.” I […]
Miftah asks to expedite edible oil import process
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Saturday directed concerned authorities to expedite the process for edible oil imports from Malaysia and Indonesia to ensure smooth supply of the commodity to the consumers and stabilize its prices. The minister was presiding over a meeting of the Committee on edible oil availability, according […]
Economic outlook: remittances, exports and imports surge in FY 2021-22
ISLAMABAD: Finance Ministry on Tuesday released an economic outlook report for the month of June 2021, highlighting an increase in exports, imports, remittances, and production of large-scale manufacturing (LSM). According to details shared in the economic outlook report, remittances grew by 29.4 percent with US$26.7 billion received between July to May in the ongoing year of […]
Services trade deficit shrinks by 53.01% in 10 months
ISLAMABAD: The country’s services trade deficit contracted by 53.01 percent during the first ten months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-April (2020-21) was recorded at $1420.55 million against the deficit of $3022.79 million in July-April (2019-20), according to the […]
PSX recovers from its lows, yet closes 0.4% down
Pakistan’s equity market witnessed a volatile week where the benchmark index closed Friday at 37,131 points, down 0.4 percent from last week. Average daily volume remained subdued at 122 million shares while average value traded slid 15 percent to US$33 million per day. At the verge of entering an IMF program, economic clarity continues to […]