Pakistan News

    Pakistan Major Exports Imports

  • LNG imports a major success: PM

    He said import of LNG was a major success of his government as previous governments made five attempts to import LNG and none succeeded...

    He said work on Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project has started, which was dormant since long and is expected to deliver gas in 2020...

  • Exports go up as rupee falls against major currencies

    KARACHI: The rupee depreciated against all major currencies in the first quarter of 2017, leaving a positive impact on exports...

    According to the monthly Statistical Bulletin of the State Bank of Pakistan (SBP) issued on Thursday, the local currency fell against all major as well as regional currencies, except the Iranian rial...

  • Pakistan wheat surplus to cool imports this year

    LONDON: Wheat surplus in the country is likely to mean little appetite for imports this year, although it will purchase more oilseeds due lower crop prospects, a leading local trader said...

    In November last year, the country imposed a 20 per cent import duty on wheat to help protect local farmers from imports, leading to the cancellation of some of the import deals...

  • Restrictions on PET imports from Pakistan by EU violated rules: WTO

    KARACHI: The World Trade Organisation (WTO) said on July 6 that the measures adopted by the European Commission agai­nst the import of Pakistan’s polyethylene terephthalate (PET) — a chemical used in manufacturing mineral water bottles — violated the rules of the global trade body...

    The European Commission imposed a five per cent countervailing duty in 2010 on the import of PET from Pakistan in order to protect European producers... ...

  • India's state cotton purchases to plummet as Pakistan raises imports

    MUMBAI: The Indian government's purchases of cotton are set to plunge 89 per cent in the 2015/16 marketing year as local prices have jumped after crop failures forced neighbouring Pakistan to raise imports from the world's biggest producer of the fibre...

    The increase in shipments to Pakistan, Bangladesh and Vietnam will help India trim spending on cotton buys by nearly 140 billion Indian rupees ($2 billion) in the year that started...

  • Pakistan's cotton imports to hold near record highs as output dwindles

    MUMBAI: Cotton imports by Pakistan are expected to remain near record-high levels in the year to July 2017, as erratic weather forces farmers in the world's fourth-biggest producer to trim area under the crop, industry officials said...

    A supply crunch in Pakistan, at a time when back-to-back droughts have taken a toll on output at top producer India, could boost global cotton prices from their current near 11-month highs...

  • China urged to encourage imports from Pakistan

    ISLAMABAD: Pakistan has formally asked China to encourage its products — mainly the eatables — into its market to contain tilted expansion in bilateral trade and focus on future administration of the China-Pakistan Economic Corridor (CPEC) after completion of ongoing projects...

    According to sources, Mr Aziz told the ambassador that China needed to facilitate Pakistani exports to its market as only a few Pakistani products were...

  • Before tax amnesty, Pakistan lacked funds for two-month imports: CJP

    ISLAMABAD: Chief Justice Mian Saqib Nisar revealed on Wednesday that Pakistan did not have enough funds to cater for the imports of two months prior to the launch of the tax amnesty scheme...

    For this purpose the banking court will be entitled and bound to look behind the position as may have emerged in consequence of the application to Circular 29 issued by the State Bank of Pakistan in relation to the written off loans...

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