Textile exports see slight growth in FY24 amid tough fiscal measures
Textile and clothing exports increased by 0.93% YOY to $16.55 billion by the end of FY2023-24; declined by 3.91% MoM to $1.41 billion in June 2024
Pakistan exceeds export target with $30.64 billion in FY24
Trade deficit narrows by 12.36%; imports down 0.84%; exports rise 10.54% in July-June FY2023-24
Govt considers 2.5% income tax on entire trading chain
Proposal targets non-filers from manufacturers to retailers to boost tax revenue
IMF forecasts Pakistan’s trade deficit to reach $27bn next fiscal year
Global lender predicts the country’s imports to be $60.48 billion while exports are estimated to be $32.56 billionÂ
Pakistan’s exports to seven regional countries increase by 20% in 10MFY24
Exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives accounted for $3.655 billion while imports recorded $10.925 billionÂ
Import bill surges to $17.9bn in H2FY24, reflecting eased restrictions
Following IMF directives, Pakistan's SBP eases import restrictions, causing a noticeable rise in import bills
Pakistan, Turkiye agree to increase bilateral trade to $5bn
Dar highlights strong defense ties and mutual support in regional conflicts at joint press conference with Turkish FM
FTA under review to enhance Pakistan’s export footprints in China
The review aims to enhance trade agreement's benefits for Pakistan, focusing on expanding export opportunities to China through increased tariff concessions and extended product coverage
PM directs formulation of trade policies to boost exports, business sector
Sharif has mandated the development of new trade policies aimed at bolstering the business sector and increasing competitiveness of Pakistani exports
Trade deficit with Middle East shrinks as oil imports fall
Exports to Kuwait saw a modest increase of 1.97% to $97.31m in 9MFY24, contrasting with a decline in imports by 35.68% to $1.37bn
Saudi Arabia pledges strategic economic partnership with Pakistan
KSA's Deputy Investment Minister Ibrahim Almubarak highlights economic potential of Pakistan, citing demography, location, and natural resources as key factors that make the country a high priority investment destination
Pakistan’s food exports up by 48% to $5.6bn in 9MFY24
Rice exports increased by 83% to $2.930 billion from July to March FY2023-24, PBS data shows
Textile sector exports rise by 3% YoY to $1.3bn in March
APTMA data shows this sector recorded exports of $12.44 billion in nine months of FY2023-24, slightly down by 0.3%Â
Pakistan’s trade deficit widens by 56% YoY in March
Trade deficit shrinks by 25% to $17.030 billion in nine months of FY2023-24Â
Services sector’s trade deficit declines 52% MoM in February
Services exports drop by 1.36% YoY to $5.08 billion in 8MFY24