Pakistan aims to elevate trade with Turkiye to $5 billion

PM directs enhanced facilities for Turkish investors to boost bilateral trade

Russia-China barter trading may begin this autumn: report

Barter trade will allow Moscow and Beijing to circumvent payment issues, currency risks and  Western monitoring of bilateral transactions

Pakistan’s exports rise by 11.8%, trade deficit widens by 19.7% in July

PBS data shows exports decline by 9.77% MoM; imports grow by 15% to $4.25 billion in the first month of FY 2024-25

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 billion 

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 billion 

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