Trade Archives

Pakistan’s exports to seven regional countries crossed $4 billion in 11MFY22

Pakistan’s exports to regional countries showed an upsurge of 18.26 percent during the first eleven months of the fiscal year (2021-22), against...

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Export of services grew 17.71% to $6.3 billion in 11 months

Export of services reported an increase of 17.71 percent during the first 11 months of 2021-22, as per the data released by...

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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 accelerates efforts to secure extension in GSP plus status

The government has expedited its efforts to fulfill the strict conditions of the European Union (EU) to ensure a ten years extension...

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Pakistan’s exports to United States increase by 23% to $6.16 billion

Pakistan’s Ambassador to the United States Masood Khan unveiled that Pakistan’s exports to the US showed an upward hill during former Prime...

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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...

794

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...

687

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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Erdogan says Pakistan and Turkey can push trade target to $5 billion

Despite the COVID-19 pandemic, Pakistan and Turkey last year increased the bilateral trade volume to over $1 billion for the first time...

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How to speed up your dreams with the Binomo platform

How to speed up your dreams with the Binomo platform In this review, we’ll discuss all about how traders in Pakistan can...

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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 among 20 trading partners placed on US ‘watch list’

Pakistan is among 20 trading partners which have been placed on the ‘watch list’ of the US government. Though, these states merit...

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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...

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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 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...

856

Pakistan’s economy majorly hit by Russia-Ukraine war

United Nations Conference on Trade and Development (UNCTAD) says Angola, Egypt, Mongolia, Pakistan and Sri Lanka were among countries that appear vulnerable...

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Trade with China via Khunjerab Pass resumes after more than two years

China has announced to open the Khunjerab border from April 1, 2022, for trade activities as the land route between Pakistan and...

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Trade between Pakistan and 28 EU member states reached €12.2 billion in 2021

EU and Pakistan bilateral trade has showed an increase by 78 percent to €12.2 billion in 2021 from €6.9 billion in 2013, largely...

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Pakistan and United States relaunch Trade and Investment Framework Agreement

Pakistan and the United States have relaunched the Trade and Investment Framework Agreement (TIFA) to strengthen and revitalize trade and business affiliations...

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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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Trade between Canada and Pakistan jump to CAD $1.25 billion

The Canadian High Commission in Pakistan stated that Pakistan’s exports to Canada posted an increase of 24 percent in 2021. The High...

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Pakistan, Afghanistan agree to allow free movement of cargo trucks

Pakistan and Afghanistan have made a contract to permit free movement of each other’s trucks carrying trade shipments between the two countries...

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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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Pakistan and Uzbekistan agree to expand trade via Afghanistan

Pakistan and Uzbekistan have decided to further expand and deepen their strategic partnership in all areas and agreed to determine an accord...

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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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Pakistan heading towards record $20 billion deficit in current fiscal

The current account deficit (CAD) of Pakistan has hit $2,556 million for the month of January 2022 compared to deficit of $219...

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Seafood exports increase by 5.08% to $231.6 million in seven months

As per the Pakistan Bureau of Statistics (PBS), during July-January (2021-22), the seafood exports were noted at $231.584 million as compared to...

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Legal mechanism cleared for barter trade with sanctions-hit Iran, Afghanistan

The Economic Coordination Committee (ECC) of the cabinet on Thursday allowed regulatory cover to barter trade arrangements with Afghanistan and Iran. According...

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93 Pakistani companies participate in Gulfood trade fair

A total of 93 Pakistani companies will be a part of this year’s edition of Gulfood in Dubai, Pakistan’s Consulate General in...

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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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India and UAE sign major investment pact, over $100 billion in bilateral trade

The UAE and India have struck a broad trade and investment agreement that is anticipated to increase bilateral trade to far more...

Pakistan to export goods to Central Asian Republics via Afghanistan in rupees

The federal government permitted the export of particular commodities to Central Asian Republics (CARs) through Afghanistan against the Pakistani rupees. As per...

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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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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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Non-textile exports grow 23% to $5.75 billion in 1HFY22

As per data of the Pakistan Bureau of Statistics, the country’s non-textile exports went up by 23 percent year-on-year basis to $5.75...

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E-commerce policy to target $5 billion trade, 1 million jobs during 2022

The federal government has approved e-commerce policy and finalized its plan to inaugurate the first-ever virtual e-commerce university. Senator Aon Abbas, the...

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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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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...

843

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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First Islamabad-Istanbul cargo train reaches Turkey via Tehran in 13 days

The first cargo train between Istanbul and Islamabad via Tehran (ITI) reached Ankara via Lahore, Taftan and Zahedan, completing its journey in...

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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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Non-textile exports jump 25% to $4.61 billion in five months

Country’s non-textile exports grew 24.59 percent year-on-year to $4.61 billion in the first five months of the current fiscal year. The government...

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Islamabad-Tehran-Istanbul freight train service can transport 80,000 tonnes of goods

Azam Khan Swati, the Federal Minister for Railways, inaugurated the Islamabad-Tehran-Istanbul freight train to boost trade between the three countries. After a...

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Footwear exports likely to reach $1 billion by 2027

Pakistan’s footwear industry is expected to increase its exports to $1 billion by 2027, said Pakistan Footwear Manufacturers Association (PFMA) chairman. According...

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Furniture exports grow more than 202% in 4 months to $2.78 million

The furniture exports of Pakistan recorded an escalation of 202.49 percent in the first four months of the existing financial year as...

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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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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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Pakistan and Russia to soon enter new era of economic cooperation

Under the new regional and strategic alliance, Pakistan and Russia will reach new levels of economic cooperation in important areas of the...

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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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Pakistani mango exports to China increase tenfold to 37.4 tonnes in Jan-Sept

Pakistani mango exports to China saw an increase of more than 10 times as Pakistan sent 37.4 tonnes of fresh and dried mangoes...

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New Strategic Trade Policy Framework for non-textile sector approved

After a postponement period of more than two years, the cabinet has accepted the Strategic Trade Policy Framework (STPF) 2020-25. The report reveals that...

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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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Pakistan, Iran set $5 billion bilateral trade target by 2023

Pakistan and Iran are going to take measures to expand the annual bilateral trade exchanges to $5 billion by the year 2023. “It has been...

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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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Chilgoza pine nut price crashes to Rs 3,000 per kg

The farmers of the tribal districts of North and South Waziristan have faced the loss of millions of rupees after a major...

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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, US launch Single Window project to lower import, export costs

In order to boost trade by lowering costs, Pakistan and United States have launched the first phase of the Pakistan Single Window (PSW) project. ...

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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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Four NLC trucks completes TIR round trip to Azerbaijan and Turkey

National Logistics Cell (NLC) has completed first ever commercial road movement under TIR (Transports Internationaux Routiers or International Road Transports) to Turkey...

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Islamabad-Tehran-Istanbul road corridor becomes operational for trade

A welcoming ceremony was held on October 8 by the Turkish Trade Ministry in Istanbul after the Islamabad-Tehran-Istanbul Road Transport Corridor Project successfully carried commercial...

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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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Pakistan single window to help the country become an international trade hub

Pakistan Single Window (PSW) will not only lessen the time, cost and impediments while contributing considerably towards simplicity of doing business, but...

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Pakistan pursuing preferential trade deals with Saudi Arabia, Oman, UAE

Pakistan is looking to establish bilateral trade deals individually with Oman, Saudi Arabia, and the United Arab Emirates after trade talks within...

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Big trade expected between Pakistan Turkey via new land route

A big step for bilateral trade between Pakistan and Turkey as a direct land route via the Istanbul-Tehran-Islamabad (ITI) road corridor is...

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First-ever EU-Pakistan business forum for SMEs launched

The first-ever European Union (EU)-Pakistan Business Forum for Small and Medium Enterprises (SMEs) was launched on Thursday, aimed at boosting trade with countries...

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Cargo ship Heng Tong, stuck at Sea View for 48 days, finally freed

A container ship, MV Heng Tong 77, had been stranded at Karachi’s Sea view beach which is now freed after 48 days from the...

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Exports of services up 6.39 percent to $483 million in first month of FY22

Pakistan Bureau of Statistics presented a report on Saturday, illustrating that exports of services have been increased by 6.39 percent to $483...

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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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New SBP instructions for selling third-party products

SBP has issued a comprehensively revised set of instructions on the sale of third-party products, the instructions will be applicable from 1st November. ...

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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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Pakistan up 59 points in OICCI’s Business Confidence Index

Pakistan has shown a significant improvement in the overall business confidence in recent months, revealed Business Confidence Index (BCI). BCI survey has...

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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 to terminate 23 bilateral investment treaties

Pakistan has decided to terminate 23 bilateral investment treaties (BITs) with different countries in order to avoid international arbitration with foreign firms...

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Pakistan trade deficit widened to a record $3.058 billion in July

The present government has been claiming to squeeze the trade deficit but things are now alarming as according to the data, issued...

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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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ECC defers approval of new five-year trade policy for third time

The ECC of the Cabinet has deferred the approval of the Strategic Trade Policy Framework (STPF) for 2020-25 for the third time....

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Pakistan, Bahrain sign MoU to promote bilateral businesses

Pakistan and Bahrain have signed MoU to promote bilateral businesses, will focus on sectors like healthcare and education, tourism, logistics, manufacturing, financial...

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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. ...

796

Pakistan could overtake India in trade with China in eight years

Even though Pakistan’s trade volume with China was barely one-fifth of India’s in 2020, a Pakistan ambassador predicted that Pakistan might surpass...

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China has not banned rice imports from Pakistan, clarifies Commerce Ministry

China has not imposed any restrictions on rice shipments from Pakistan, according to the Ministry of Commerce. In a statement, the ministry...

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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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Export of textiles soars to $15.4 billion in FY21

The export of textiles greatly increase during the fiscal year 2020-21 to the extent of 22.94%, revealed by the Pakistan Bureau of...

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Indonesia-Pakistan B2B online portal launched

In order to facilitate increased trade between both the countries, Punjab Board of Investment & Trade (PBIT), Embassy of the Republic of Indonesia...

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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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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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Nigeria urges Pakistan to establish more banking channels for bilateral trade

Nigeria has has called for the establishment of more banking channels to facilitate bilateral trade between Pakistan and Nigeria. On Monday, the...

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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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PIBs attract net inflow of $256 million in 12 months

Foreign investment in Pakistan Investment Bonds (PIBs) attracted a cumulative net inflow of $256 million during the outgoing financial year. During the...

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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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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’s various sectors ready to receive CPEC benefits

Pakistan’s various sectors are ready to receive maximum benefits from the China-Pakistan Economic Corridor (CPEC) project which is considered a game-changer for Pakistan. According to experts...

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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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Pakistani Kinnow exports may surpass yearly target

Pakistani citrus industry has witnessed a breakthrough last week as Iran lifted restrictions on the import of Pakistani kinnow. According to the...

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Pakistan to register Khewra salt with international trade bodies

Local rock salt of Khewra is going to be registered with international trade bodies, taking Pakistan to the lead in the global...

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China agrees to open Khunjerab border for trade

After a number of requests of Pakistan to China, the Chinese government now has agreed to open the Khunjerab border, keeping in...

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Pakistan to open a consulate in Munich to tap economic potential

Pakistan will soon open a consulate in Munich to tap economic potential present in Germany, announced Foreign Minister Shah Mehmood Qureshi. During...

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Malaysia keen to promote trade with Pakistan: envoy

Malaysia has shown its keen interest to promote trade with Pakistan as Ikram Bin Muhammad Ibrahim, High Commissioner of Malaysia in Pakistan said that...

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PSX breaks 16-year record as trading volume crosses 1 billion shares

The Pakistan Stock Exchange (PSX) has witnessed a trading volume of one billion shares in a single day for the first time...

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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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Pakistan, Kuwait resolve to enhance trade, investment cooperation

Pakistan and Kuwait have expressed resolve to enhance cooperation in economic, trade, oil and gas, energy, investment, agriculture, IT, and health sectors....

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Australian envoy vows to make Pakistan Australia relations stronger in future

Dr. Geoffrey Shaw, the Australian High Commissioner to Pakistan on Australia Day said that he was confident that our two nations would...

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BOI invites Danish investors, enterprises to bring investment in Pakistan

Danish investors and enterprises are expected to bring investment and joint ventures to Pakistan for increasing economic and trade relations between both...

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Sweden invited to invest in CPEC, special economic zones in Pakistan

FPCCI has pressed for an increase in bilateral economic and trade relations between Pakistan and Sweden, it also called for an increase...

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‘Pakistan and Italy can lift their bilateral trade volume to $5 billion’

According to Italian Ambassador Andreas Ferrarese, massive potential exists for Pakistan and Italy to lift their bilateral trade volume to $5 billion....

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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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Japan cracks down on trade of illegal used cars in Pakistan

Japan has initiated a crackdown to put an end to the clearance of imported cars based on fake or forged documents in Pakistan....

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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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Look Africa Campaign: Pakistan’s trade with Africa reached $4.18bn in 2019-20

As a result of new engagement with African countries through the “Look Africa” campaign started by the government of Pakistan, Pakistan’s trade with...

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Istanbul-Tehran-Islamabad container rail service set to resume

Following a meeting at the Economic Cooperation Organization (ECO), the national railways of Pakistan, Turkey, and Iran have agreed in principle to...

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Pak-China border via Khunjerab Pass opened for 10 days

The China-Pakistan border crossing at Khunjerab Pass has been opened to allow over two dozen stranded Pakistani containers to cross over between...

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Pakistan monthly exports to China witness 30% increase in November

Monthly exports of Pakistan to China witnessed an increase of 30 percent year-on-year in November 2020, improving the trade balance between both...

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Pakistan to remain on UK trade preference list after Brexit

Pakistan would continue to benefit from the UK’s trade preferences scheme at par with the EU GSP Plus facility after the Brexit....

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Pakistan records highest-ever monthly exports of $437 million to United States

Exports of Pakistan to the United States hit a record high of $437 million in the month of November crossing the $400-million...

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Pakistan proposes transit trade agreements among CAREC states

Pakistan has suggested transit trade agreements among the member countries of the Central Asia Regional Economic Cooperation (CAREC), leading to a regional...

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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 improves Trading across Borders rank due to TFA implementation

According to the World Trade Organization, Pakistan jumps 31 places on Trading across Borders rank due to improvement in Trade Facilitation Agreement...

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Pakistan approves three border markets to formalize trade with neighbours

Pakistan approves establishment of three markets as a pilot project along its border with Afghanistan and Iran to simultaneously boost trade with...

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UK export finance limit for Pakistan increases to £1.5 billion

The British government’s credit financing agency UK Export Finance increases its financing limit to £1.5 billion for UK businesses looking to invest...

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Pakistan approves ferry service for pilgrims from Karachi, Gwadar, and Bin Qasim ports

On Tuesday, the federal cabinet approved the launching of a ferry service for pilgrims (Zaireen and Hujjaj) so that they can be...

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Pakistan Pay Back $1 Billion Saudi Loan

Pakistan paid back $1 billion out of a $3 billion loan that it secured from Saudi Arabia one and a half years...

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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 all set to enter global olive oil market

Pakistan is now prepared to be the part of those countries which have a reasonable share in olive oil in the international...

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China to install phytosanitary facilities, build agriculture institutes in Pakistan

China plans on installing phytosanitary facilities in Pakistan to boost the fruit export, besides constructing vocational and technical agriculture institutions to educate...