Pakistan-India trade continues despite conflict, with imports hitting a 3-year high
Imports from India reached $211.5 million in 11 months of FY25, and exports remained minimal
Pakistan, US reach trade deal framework ahead of Trump’s July 9 deadline
Deal, aims to preserve Pakistan’s access to US market and boost exports, could increase imports of US goods and attract investment in sectors like mining and energy
Pakistan, US in final trade talks to close tariff deal ahead of July 9 deadline
A Pakistani delegation is in Washington aiming to prevent the reimposition of a 29% US tariff on textiles and agricultural exports
Pakistan’s export decline continues for third month, trade deficit rises to $26.27 billion in FY25
Exports increase by 4.67% to $32.106 billion, while imports grow by 6.57% to $58.38 billion in FY25
Govt retains regulatory duties on imports of over 300 tariff lines
Duty increases on seafood, fruits, and industrial inputs expected to generate Rs20 billion in revenue, reversing earlier tariff reduction plans, which aimed for 50% reduction in 5 years
US leads as top export destination for Pakistani products worth $5.55 billion in 11 months
Exports to US rise 11.06%, while exports to China and UK decline slightly in FY25
Pakistan’s trade deficit with neighboring states widens by 33% to $11.17 billion in FY25
Exports to China fall 11.18% to $2.27 billion, while exports to Afghanistan, Bangladesh, and Sri Lanka grow by 41.39%, 21.45%, and 3.02%, respectively
Pakistan’s exports rise by 5.15% to $29.56 billion in 11 months of FY2024-25
May exports recorded $2.672 billion, imports reached $5.273 billion; total imports rise by 7.5% to $53.55 billion in 11 months
Pakistan moves forward with barter trade mechanism for Iran, refining operational issues
Under the proposed mechanism, amendments will be made to the existing SROs, expanding the list of items eligible for barter tradeÂ
Govt to gradually eliminate duties on 7,000 tariff lines in five-year tariff reform plan
Plan aimed at driving export-led growth and revitalizing industrial development in Pakistan
SBP rejects Commerce Ministry’s proposal to waive Financial Instruments for trade with Iran, Afghanistan
Absence of active banking ties with Iran and Afghanistan complicates trade; State Bank proposes operationalising barter trade agreements with both nations as a more secure alternative
Ministry of Commerce expresses doubts over $60 billion export target by 2029: report
Citing domestic and international challenges, the ministry outlines key policy reforms and interventions to boost export potential, but warns of hurdles ahead
Pak-Afghan chamber urges FBR to decentralize customs assessments amid delays
Centralization of goods declarations in Karachi causes clearance delays, impacting upcountry dry ports
Govt mulls 1.5% withholding tax on imports to boost revenues amid tax refund delays: report
Plan aims to curb under-declaration of import values by taxing payments to overseas suppliers through banks, while exporters face pending tax refunds
Govt’s trade liberalisation plan faces pushback from industries ahead of budget announcement: report
Ministry of Industries warns against immediate tariff cuts on finished goods, citing risks to key sectors; proposal to be discussed in the upcoming National Economic Council meeting.