Import Archives

Pakistan’s trade deficit increased to an all-time high of $48 billion in FY22

In the fiscal year that concluded on June 30, 2022, Pakistan’s trade deficit expanded by 55.29 percent as a result of higher...

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Pakistan wants to import more coal from Afghanistan to curb energy crisis

Prime Minister Pakistan Shehbaz Sharif has approved the import of super-critical quality coal from Afghanistan in rupees rather than in dollars, saying...

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Govt considering to lift ban on import of mobile phones

According to reliable sources, the federal government is prepared to partially lift the ban on the import of mobile phones. A notification...

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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 to directly import 2 million tonnes of wheat from Russia on cash

Economic Coordination Committee of Pakistan on Saturday decided to directly import two million metric tonnes of wheat from Russia on cash. Pre-empting...

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Government lifts ban on import of raw materials, pet food and energy savers

According to a notification from the Ministry of Commerce, the federal government lifted the restrictions on the import of raw materials, intermediate...

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Kia suspends bookings for Sportage, Picanto and Carnival due to import ban

Kia Sportage, Picanto, and Carnival bookings have been halted by Lucky Motor Corporation Limited (LMCL) due to import ban. Carnival’s bookings have...

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Complete list of luxury imported items banned by Pakistan

As part of measures that a minister stated would save $6 billion, the Pakistan government has banned the import of non-essential and...

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Pakistan bans import of over 30 luxury items including cars, smartphones

The federal government has decided to impose a complete ban on the import of superfluous and luxury items to deal with Pakistan’s...

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China imported more than $168 million worth of cotton yarn from Pakistan

Pakistani cotton experts showed their confidence in the growth of local cotton-related industry and yarn export to China in addition to other...

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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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Govt to import 200,000 tonnes of urea to meet peak kharif season demand in June

The new government has made a decision to continue the observations of the PTI government and announced to import of 200,000 tonnes...

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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’s petroleum and food imports surged to $21.87 billion in three quarters

Pakistan’s petroleum and food import bill increased by 59.98 percent to $21.87 billion during the July-March period against $13.67 billion in the...

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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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Import of duty-free items surge 66% to $23.42 billion in eight months

The increase in the import of duty-free items during the month of February was found to be 42.41 percent to $2.67 billion as compared...

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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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Food import bill surges by over 21% to $5.63 billion in seven months

The country’s import bill of food items went high by 21.32 percent to $5.63 billion during the first seven months of this...

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ECC okays Rs 12.3 billion subsidy for import of 100,000 tonnes of urea

The Economic Coordination Committee (ECC) of the Cabinet has has approved Rs 12.345 billion for import of urea on equal cost sharing...

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Oil, food import bill jumps 73% to $15 billion in six months

Pakistan’s oil and food import bill surged 73 percent to $14.97 billion in the July-December period compared to $8.67 billion a year...

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Oil, food imports surge 78% to $12.4 billion in July-November

The country’s oil and food imports moved up by 78 percent to $12.4 billion during the first five months of this fiscal year...

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Import bill of 30 items rise 142% in November

The import bill of 30 items reached Rs 696.346 billion during November as compared to Rs 287.131 billion during the same month, last year,...

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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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Import of completely built cars banned for 6 months as CAD gets out of control

A temporary ban on the import of completely built cars for the next six months, from January to June 2022, has been...

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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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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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Mounting imports push trade deficit up 103% in 4 months

The first four months of the current fiscal year (4MFY22) posted a rise of more than 103 percent in trade deficit all...

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PTA allows import of 5 mobile devices for personal use in a year

The Pakistan Telecommunication Authority (PTA) has released the ‘Type Approval Technical Standards Regulations 2021,’ which permits the import of only five mobile devices...

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Imported ‘most expensive’ sugar ever reaches utility stores

The ‘most expensive’ sugar has been imported by the federal government for the first time in Pakistan’s history for Utility Stores Corporation. As per...

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2.6 million cotton bales reach ginneries, a surge by 160 percent

More than 2.69 million cotton bales have reached ginning mills so far, representing nearly 160 percent higher arrivals. The meeting of 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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Food import billing increased 22 percent in the month of July

The food import bill of the country grew by 22.24 percent to $647.036 million in July compared to $529.311 million of the...

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Rising current account deficit, imports pose threat to economy

Country’s economic managers have noted rising international commodity prices, higher import bill and current account deficit which are main risks to the...

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ECC okays import of 200,000 tonnes of sugar and 400,000 tonnes of wheat

ECC has approved the import of 200,000 tonnes of sugar and 400,000 tonnes of wheat and an Rs 24.555 billion supplementary grant. The meeting of the Economic Coordination Committee (ECC) held on...

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Cotton rate reached highest level amid low yield, delayed imports

Cotton prices have touched new highs in the local market amid a fall in local production, delayed in cotton imports from abroad. ...

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China bans import from nine Pakistani seafood companies

China has banned import from as many as nine Pakistani seafood firms since January after detecting coronavirus traces in their shipments. According...

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Mobile phones import surge 50% to $2.065 billion in FY21

According to figures from the Pakistan Bureau of Statistics (PBS), mobile phones import reached $2.065 billion in 2020-21, up from $1.369 billion...

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China to import 300 tonnes of chillies from Pakistan

Pakistan will export 300 tonnes of chillies to China picked and dried at a pilot chilli field in Lahore during August, said CMEC. Umer Diyal, a farmer who worked...

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Cotton import bill rise by 44% during 11 months of outgoing financial year

Cotton import bill by Pakistan hit $2.3 billion, an increase of 44 percent during the 11 months of the outgoing financial year 2020-2021. The...

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Quran publishers hail PM Khan for duty-free paper import

In the budget for the fiscal year 2021-22, Prime Minister Imran Khan removed taxes on imported paper used for printing the Holy Quran, as...

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Russia resumes import of rice from Pakistan after two years

The prohibition on rice imports from Pakistan has been lifted by Russia. Russia has permitted the import of the commodity from four...

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Food import bill increases by 53.93 percent in 10 months

The government has spent a big amount on the import of food items during the first 10 months of the current fiscal year. The items like...

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Cotton imports are up 46% as domestic output falls dramatically

During the first nine months of the current fiscal year, Pakistan imported cotton worth $1.838 billion. This is up 46% from the...

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Pakistan decides to import 0.3 million tons of wheat from Central Asia, Ukraine

Pakistan has allowed private companies to import 300,000 tons of wheat duty-free amid soaring prices of the crop in the domestic market....

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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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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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Import of used computers and laptops will now face increased taxes

The Customs department has issued Valuation ruling No. 1519 according to which, importers will have to pay 30-40 percent additional duty on import...

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PM Imran Khan okays cross-border yarn import

The cross-border yarn import has been approved by Prime Minister Imran Khan amid fears of a shortage of industrial input in textile...

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ITFC loans $1.1bn to Pakistan for oil and LNG imports

A member of the Islamic Development Bank Group, ITFC has agreed to loan $1.1 billion to Pakistan for oil and LNG imports...

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Auto import bill rises by 194 percent in the first half of FY21

In the first half of the current fiscal year (1HFY21), the turnaround in demand and increasing imports of brand-new cars, sports utility...

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Three ball bearings importing companies booked for ‘misdeclaration’

The research and development section of the Model Customs Collectorate of Appraisement-East lodged a case on Tuesday against three importing companies for...