All posts tagged "export"

Pakistan’s non-textile exports grew 27.40% to $11.25 billion in 11 months

Pakistan’s non-textile exports rose 27.40 percent year-on-year to $11.25 billion during the first 11 months of the outgoing fiscal year on account...

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Italy is now Pakistan’s 2nd largest export destination in Europe with over $1 billion exports

Pakistan’s exports to Italy observed an increase of 46 percent to $1.002 billion during 11 months on a year-on-year basis, thus making...

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Pakistan’s textile, clothing exports grew 28.26% to $17.62 billion in 11 months

Textile and clothing exports showed an increase of 28.26 percent year-on-year to $17.62 billion during the first 11 months of this fiscal...

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International

In a first, DG Khan Cement to export 50,000 tonnes building material to US

One of the leading cement manufacturers in Pakistan, DG Khan Cement Company (DGKCC) will be exporting 50,000 tonnes of the building material...

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Pakistan’s exports increase 27.78% to $28.848 billion during first 11 months

Pakistan’s exports observed an upsurge of 27.78 percent during the first eleven months of the current fiscal year (2021-22) when compared to...

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Pakistan’s trade deficit widened to all-time high $43.33 billion during 11 months

The Pakistan Bureau of Statistics (PBS) data showed that country’s merchandise trade deficit hiked by 57.85 percent year-on-year to an all-time high...

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Pakistan exported 64,113 tonnes of meat in 10 months fetching $284 million

Exports of meat and meat preparations from Pakistan continued to increase regardless of the presence of Lumpy Skin Disease (LSD) which came...

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Pakistan records highest ever textile exports of $15.98 billion in 10 months

Pakistan’s Textile group exports in July-April, 2021- 2022 hit a record high of $15.981 billion against $12.688 billion during the corresponding period...

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Pakistan’s trade deficit jumped to all-time high of $39.3 billion in 10 months

Pakistan’s trade deficit hiked up by an all-time high of 65 percent year-on-year to $39.3 billion in the 10 months through April...

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Pakistan earned $360 million from export of travel services in 8 months

Pakistan has earned $360.034 million by making available different travel services in many countries during the first eight months of the current...

Pakistan’s current account deficit jumped to $13.17 billion in 9 months

The current account deficit of the country has almost doubled in March to $1 billion as compared to the previous month, taking...

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Pakistan exported 13,866 tons of fish meal to China in Jan-Feb

Export of Pakistan’s fish meal to China hit 13,866 tons crossing a value of over $15.68 million, a year-on-year increase of 250.59%...

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Pakistan’s food exports up by 18.92% to $3.961 billion in 3 quarters

Pakistan’s food exports witnessed a hike of 18.92 percent during the first three quarters of the current fiscal year against the corresponding...

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Pakistan’s non-textile exports jump by 24.28% to $9.11 billion in nine months

The country’s non-textile exports have jumped by 24.28 percent year on year to $9.11 billion during the first nine months of the...

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Pakistan exported 1,606 tons of Chilgoza pine nuts worth $17.67 million to China

According to the General Administration of Customs of the People’s Republic of China, China imported $17.67 million worth of Pakistani Chilgoza pine...

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Pakistan’s exports to China crossed $67 million in first two months of 2022

Pakistan’s exports to China crossed $ 67 million in the first two months of 2022, which recorded a nearly 23% year-on-year increase....

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Pakistan’s export of services reached $4.49 billion between Jul-Feb

Export of services has hiked up 18.17 percent during the first eight months of the present fiscal year from a year ago,...

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Exports up 17.3% to $2.78 billion in March; reaches $23.22 billion in FY22

Pakistan’s exports in March 2022 increased by 17.3 percent to $2.773 billion when compared to $2.365 billion in March 2021, according to...

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Pakistan’s exports to seven regional countries reached $2.95 billion in 8 months

Pakistan’s exports to seven regional countries observed growth of 26.47 percent during the first eight months of the financial year (2021-22), the State...

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ECC approved 79 billion subsidy to export sectors

The Economic Coordination Committee (ECC) of the Cabinet has approved almost Rs 97 billion worth of supplementary grants comprising Rs 16 billion...

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International

China to promote Pakistan’s exports by allowing import of more Pakistani rice

Foreign Minister Shah Mahmood Qureshi declares that Beijing desired to encourage Pakistani exports to China by permitting the import of more Pakistani...

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Pakistan’s exports of textile and clothing reached $12.6 billion so far in FY22

Pakistan’s textile exports has witnessed an increase of 26 percent to hit a record high of $12.6 billion in the first eight...

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11 sectors record double-digit growth in exports in February

The exports of 11 sectors, comprising value-added textiles, showed double-digit growth in February when compared to the corresponding month last year. According...

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Record $100 million per day growth of exports during February

Exports of the country has showed a hike to $2.80 billion in February FY2022 from $2.06 in the same month last year,...

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Incentives package unveiled to attract investment in export industries

Prime Minister Imran Khan has stressed the significance of industrialization for the country after he announced an incentives package to attract investment...

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Pakistan eyeing $50 billion IT exports in next few years

Pakistan’s IT exports will reach $50 billion in the next few years due to the effective polices of current government, said PM...

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Pakistan exported 2.18 million tonnes of rice valuing $1.29 billion in seven months

Rice exports from the country have been increased by 11.16 percent to 2.179 million tonnes in the first seven months of the...

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Pakistan approves textile policy that envisages cheaper energy rates till 2025

Pakistan approved Textiles and Apparel Policy, 2020-25, with the objective of ensuring sustainability of textile sector exports. The government said its Strategic...

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Pakistan textile exports touch $11 billion mark in July-January

Textile exports showed an increase of 25% in the first seven months of the fiscal year 2021-22, as per the data issued...

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Pakistan’s export of rice to China crossed $400 million in 2021

Pakistan among the largest rice suppliers to China after rice exports crossed $400 million in 2021, up 133 percent year on year....

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Korea to further increase the quota for Pakistani immigrants

The quota for Pakistani immigrants increased over the years, a 16% rise from 2021 to 2022 only, and the Republic of Korea...

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Textile exports expected to cross $20 billion this year

Pakistan’s textile sector’s exports are set to swell to a record high and will gain an edge over South Asia, said Abdul...

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Asad Umar calls export-led growth vital for economy

On Thursday, the meeting of the members of the Pakistan Textile Exporters Association (PTEA) at Federal Minister for Planning, Development, Reforms and...

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International

Pakistan’s exports to China surge 69% to $3.6 billion in 2021

Exports to China have increased 68.9 percent in 2021 to $3.58 billion while total trade between the two countries stood at $27.82...

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Trade diversification boosting exports in non-traditional markets

Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood has said that the government has fully implemented the trade...

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Textile exports rise 26% to $9.38 billion in 1HFY22

Textile and clothing exports has grown 26 percent year-on-year to $9.38 billion in the first half of this fiscal year. According to...

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PM Imran says Pakistan to increase exports to stimulate economic growth

Despite unprecedented challenges that Pakistan government faced during last 3 years, its economic condition was still better than many other countries, stated...

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Services exports up 22.94% to $2.72 billion in 5MFY22

The performance of services sector with reference to the exports has been excellent during the period from July to November in the...

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Industrialization, exports key to economic growth: PM Imran

In order to make Pakistan economically strong and self-reliant, fast Industrialization and heavy exports were a must part, said PM Imran Khan....

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Exports surge by 24.71% to $15.102 billion in first half of FY22

The exports from the country during first half of current financial year (July-December 2021) witnessed about 24.71% growth to $15.102 billion as...

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Pakistan’s regional exports increase 30.9 percent in five months

The exports of Pakistan to the seven regional countries observed an upsurge of 30.90 percent in the first five months of the...

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Revised strategic trade policy framework projects $57 billion export target by 2025

The Federal Cabinet has approved the revised Strategic Trade Policy Framework (STPF) 2020-25 with a string of policy measures to promote the...

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IT & Telecom exports increase the most to $1.05 billion in five months

Pakistan’s IT and telecom services exports have reached their highest level in five months. For the period July-November FY2021-22, ICT export remittances,...

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Services export rises 24% to $2.122 billion in first four months

Services export has been risen by over 24.25 percent year-on-year to $2.122 billion in the first four months of the current fiscal...

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Textile exports projected to cross $20 billion target during current fiscal year

Textile exports are likely to achieve the target of over $20 billion due to the government’s export-oriented policies and strong economic recoveries....

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Exports, imports see record rise in 1QFY22

Imports and exports both touched the highest-ever level in the first quarter of fiscal year 2021-22 (1QFY22) which persuaded the government to...

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Trade deficit with nine regional countries widens to $3.18 billion in first quarter

Exports of Pakistan to nine neighbouring countries rose by 31.56%, however, the imports from these countries also went up by 42.6% in the first...

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Eight sectors record double-digit growth in exports

Almost eight sectors recorded double-digit growth during the first four months of the current fiscal as compared to these months of the last...

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Goods worth $3.76 billion sent to top export destinations US, China, UK in four months

The United States, China, and the United Kingdom (UK) continued to be the top three export destinations of Pakistani merchandise in the...

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Pakistani exports to China to be doubled in next 3-5 years

Pakistan’s exports to China will double over the next three to five years because of the growing attention of local traders and...

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Export of services rises by 23% to $1.572 billion in Q1

Over 23 percent growth of Pakistan’s export of services has been recorded in the first quarter of the current financial year from...

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Pakistan expects $500 million meat export earnings next year

Meat and meat preparations worth $500 million are expected to be exported by Pakistan, at the end of the current fiscal year...

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Textile exports hit all-time high of $6.04 billion in four months

Pakistan’s textile exports surged to an all-time high of $6.04 billion in the first four months (July-October) of this fiscal year (2021-22). ...

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Pakistan October exports set a new record, swell 17.5% to $2.47 billion

There has been an increase in the exports of the country by 17.5 percent during the month of October 2021 to $2.471 billion which was $2.104...

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Export diversification strategy starts showing promising results

A senior government official said on Wednesday that the export diversification programme has just begun to show positive results, but that there is still...

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Vegetables exports grow by 82.88%, fruits up 23.49%

Exports of vegetables increased by 82.88 percent and fruits up by 23.49 percent in the first two months of the current fiscal...

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Pakistani rice outlets in Russia increased to 53 to export 150,000 tonnes of rice

Steps taken by the current PTI government to increase the country’s exports have started yielding results as Russia has increased the volume...

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Exports to Japan jump by 24.2% to $50.6 million in Q1 despite Covid

Merchandize exports to Japan from Pakistan witnessed an increase of 24.21 percent to reach $50.6 million during the first quarter (Q1) of...

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Govt bans export of perishable food items to contain local prices

Ban ordered by Finance Minister Shaukat Tarin has been imposed on export of perishable items for three months amid fears of an extra spike...

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Pakistan exported 95,991 tonnes of meat worth $333 million in FY21

Pakistan exported 95,991 tonnes (worth $333 million) of meat and meat preparations in FY21 that is an all-time high figure. Managing Director of PK Livestock, Tariq Mehmood Butt...

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Ban on livestock exports causes loss of foreign market

The National Assembly’s Standing Committee on Commerce believes that the livestock ban is causing loss of foreign markets for the exporters. In the...

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Trade gap widens by 133 percent to $4.05 billion in August

During the month of August, the trade gap widened 133 percent to $4.05 billion against $1.740 billion during the same month, last year. This...

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Cargo handling at two major seaports posts double-digit growth in FY21

Cargo handling activities at Karachi Port Trust (KPT) and Port Qasim Authority (PQA) recorded a growth of 25 percent and 13.72 percent in FY21...

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Govt aims to take exports to record high by 2023

Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday said that that the government would take exports to...

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Rs 10 billion fund established for IT industry to enhance tech exports

The government has approved the establishment of a Rs 10 billion fund for providing cash rewards to IT companies against their exports. In a meeting...

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Pakistani exports to United Kingdom up 33 percent

The fiscal year 2020-21 witnessed a big increase in the exports to the United Kingdom by 33% to 2.025 billion as compared...

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Pakistan’s exports to Italy record 49 percent growth

Pakistan’s exports to Italy has recorded a 49 percent growth on a year-on-year basis to $786 million in the outgoing fiscal year...

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Pakistan records 9% rise in regional exports of fiscal year 2021

Pakistan’s exports regional countries saw a growth of 9.14 percent while imports grew by nearly 36 percent in FY21 from a year ago. ...

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Pakistan set to export mobile phones in January 2022

Pakistan is going to export mobile phones in January 2022 as Chinese company is setting up a mobile phone manufacturing factory in Karachi, announced Razak Dawood. On...

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Pakistan will start exporting ventilators this year

Minister for Information and Broadcasting Fawad Chaudhry on Tuesday said that Pakistan will hopefully start exporting ventilators this year. The announcement was...

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Pakistan fourth largest rice exporter in world

Pakistan is the fourth largest rice exporter in the world and is a source of earning foreign exchange as Pakistan exports more...

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Pakistan launching Salt project worth $750 million in Gwadar

Pakistan is launching the Sun Salt project worth $750 million in Gwadar, Balochistan, the first phase of which after completion will bring...

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Pakistan hopes to achieve mango export target of 150,000 tonnes

More than 50,000 tonnes of mangoes have been exported during the first five weeks (May 25 to June 30) of the season as Pakistan hopes to...

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Exports to regional countries rise 6 percent in 11 months

Exports of Pakistan to nine regional countries witnessed a growth of 6.23 percent in 11 months of the outgoing fiscal year. According...

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47% growth seen in Pakistan’s IT exports from July-May in fiscal year 2020-21

According to figures given by the State Bank of Pakistan, Pakistan’s IT exports increased by 47% from July to May in fiscal...

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Textile and clothing exports jump to $13.7 billion in eleven months

Pakistan’s exports of textile and clothing rebounded during July 2020 to May 2021 mainly due to value-added sectors and posted a robust growth of 19% as...

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Exports increase by 14 percent in Jul-May 2021

The exports from Pakistan has witnessed an increase of 13.97 percent during the first 11 months of the current fiscal year (11MFY21). ...

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Pakistan to allocate Rs 330 billion for power subsidies during the next fiscal year

The Ministry of Finance is expected to allocate Rs 330 billion for power subsidies, equivalent to 60% of the estimated needs of the next...

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Pakistan’s exports to Australia have increased by 30pc, says Australian envoy

In a webinar meeting, Australian High Commissioner Dr Geoffrey Shaw announced the increase of Pakistan’s exports to Australia by 30 percent. On...

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Trade deficit widens by 21.6 percent to $23.8 billion in 10 months

The trade deficit of the country widened by 21.6% to $23.83 billion in the 10 months of the fiscal year 2020-21 which...

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Industrial sector to cut 15-20 percent jobs after Eid

Industrialists are going to slash 15-20% jobs after Eidul Fitr in the wake of slowdown in industrial production amid difficult condition of...

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Pakistan’s exports reach decade-high of $2.3b in March

Pakistan’s exports have reached a decade-high of $2.3 billion in March 2021, monthly figures showing growth year-on-year and over the previous month. The...

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Pakistan’s exports slump 22pc in the region

The Pakistan’s exports to different regional countries, including Afghanistan, China, Bangladesh, Sri Lanka, Iran, Nepal, Bhutan, and the Maldives have come down during the eight...

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Textile exports increase 8.23 percent to $8.765 billion in 7 months; 10.79 percent in Jan

Textile exports witnessed an increase of 8.23 percent during the first seven months of the current fiscal year and increased 10.79 percent...

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Pakistan’s exports to UK increase 22% to touch $1bn mark in first half

Exports of Pakistan to the United Kingdom (UK) has increased by 22% and crossed one billion dollars in six months, despite the...

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For first time in 8 years, exports cross 2bn mark in 4th consecutive months

Exports of Pakistan had maintained growth and for the first time in eight years have crossed the $2 billion mark for the fourth consecutive month. Commerce Adviser Razak Dawood called it...

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Pakistan can increase IT exports to $10 Billion: OICCI report

According to study by the Chamber of Commerce and Industry for Overseas Investors (OICCI), Pakistan has the capacity to raise its IT...

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Textile exports increased by 7.79 percent to $7.442 billion in July-December

Textile exports of Pakistan have reached a historic high as the exports during December 2020 has increased by 22.72 percent. Moreover, textile...

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Pakistan earns $121.890 million from export of travel services in four months

During the first four months of the current financial year 2020-21, Pakistan has earned $121.980 million from the export of different travel...

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Exporters facing big difficulty as seaport overburdens

Cement exporters are facing big problems for exporting their product due to the import of sugar, wheat, and canola on a priority...

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‘Pakistan’s export growth indicates its efficient economic policy’

Chinese professor, Cheng Xizhong, says Pakistan’s substantial export growth is a vindication of the govt’s policy to keep economy running during pandemic....

Sri lanka increases regulatory duty on Kinnow import from Pakistan

Pakistani fruit exporters are facing turmoil as the Sri Lankan government has increased the regulatory duty on the import of Kinnow from...

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Traders end self-ban to resume onion export as prices drop 50pc

Traders have decided to end the self-ban and restart onion export from tomorrow, November 27, 2020, after prices stabilised in the country...

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Pakistan exports to UK increase by 30pc, imports down by 23pc

As compared to October 2019, Pakistan exports to UK raised 30 percent amounting to $200 million from $154 million. A news report...

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Textile exports increase 2.92%, non-textile exports contract 5.6% in first quarter

The exports of textile commodities witnessed an increase of 2.92 percent while non-textile exports shrank 5.63 percent during the first quarter (Q1)...

Pakistani cotton yarn export to China rise over four times

The export of Pakistani cotton yarn to China has increased by 4.36 times to $41.836 million in August from the same period...

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US, UK and China remain top export destinations for Pakistan during August

US is still the biggest export destination for Pakistan during August 2020, followed by United Kingdom (UK), China and UAE. In August...

Marble industry seeks govt support to boost exports, jobs

On Tuesday, the All Pakistan Marble Industries Association sought the support of the government for the development of the marble industry that...

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Cotton prices increased as Pakistan receive bulk foreign orders post Covid-19

There is a spike in cotton prices as Pakistan is among the world’s top recipients of foreign orders post Covid-19 shutdown. The...

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Pakistan posts current account surplus for the second month

On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...

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Exports, tax revenue has increased as COVID-19 wanes in Pakistan, says Hafeez Sheikh

On Monday, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that FBR revenue has improved and there has been an...

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PM Imran announces $424mn current account surplus for July

Pakistan’s current account swung into a surplus of $424 million for July, which is the fourth monthly surplus since last October, announced...

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Made in Pakistan Initiative: Pakistan approves export of N95, surgical masks

In a yet another boost to the Made in Pakistan initiative, Pakistan has allowed the export of locally manufactured N95 & Surgical...

After months of downfall, Pakistan exports grow 5.8 percent in July

The exports of Pakistan which were at a downfall for a gap of 4 months from March due to COVID-19 lockdown have...

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Pakistan receives first Afghan export since pandemic began

Pakistan received the first Afghan export via three major border points after nearly three months since the COVID-19 pandemic hit the country. After almost 3 months of coronavirus pandemic, Pakistan received...