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Business

Web Desk
Jun 22, 2024

Record income outflows push current account deficit to $270 million

In a significant economic update, Pakistan has recorded a current account deficit of $270 million, driven primarily by a substantial increase in the primary income deficit.

Business Pakistan

Web Desk
May 28, 2024

IMF forecasts substantial increase in Pakistan’s trade deficit

The IMF’s projections indicate that Pakistan’s trade deficit could reach $27.923 billion. Specifically, the volume of imports is forecasted to be $60.48 billion, with exports estimated at $32.56 billion for the next fiscal year (FY2024-25).

Business

Web Desk
May 23, 2024

Fruit exports bring in $274 million for Pakistan in 10 months

Pakistan’s fruit exports saw a significant rise, with a 17.85 per cent increase during the first ten months of the current fiscal year compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS).

Business

Web Desk
May 17, 2024

Pakistan’s current account surplus climbs to $491 million

Pakistan’s current account recorded a surplus of $491 million in April 2024, according to the latest data released by the State Bank of Pakistan (SBP).

Business

Web Desk
Apr 03, 2024

Interbank closing: PKR declines 8.08 paisa against USD

The Pakistani rupee (PKR) experienced a depreciation of 8.08 paisa against the US dollar (USD) during Wednesday’s interbank trading session, closing at PKR 277.92 per USD.

Business

Web Desk
Apr 02, 2024

Interbank closing: PKR gains 10 paisa against USD

In today’s interbank trading, the Pakistani rupee (PKR) showed resilience against the US dollar (USD), gaining 10.12 paisa.

Business

Web Desk
Apr 01, 2024

Pakistan’s March trade deficit swells to $2.17 billion

Pakistan’s trade dynamics continue to fluctuate, with the latest data from the Pakistan Bureau of Statistics (PBS) revealing a significant increase in the trade deficit for the month of March 2024.

Business

Web Desk
Mar 19, 2024

Pakistan’s services trade deficit decreases by $57 million

Pakistan’s service sector saw a $158 million trade deficit, marking a 52.27 per cent decrease from the previous month.

Business

Web Desk
Mar 05, 2024

Textile industry hails govt’s move of releasing Rs65 billion for exporter payments

The textile export industry has praised the government’s decision to release Rs65 billion for the payment of all verified pending refunds up until March 3, 2024.

Business

Web Desk
Mar 01, 2024

Pakistan’s trade deficit shrinks by 13.49%

In a positive turn of events, Pakistan’s trade deficit showed improvement, recording a 13.49 per cent month-on-month (MoM) decline to $1.71 billion in February.