Trade deficit restrained as exports, imports flatten out in July
ISLAMABAD: Pakistan’s exports of merchandise posted a paltry growth of 1...
2 per cent in July from a year ago, the Pakistan Bureau of Statistics said on Monday...
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ArchiveImports shrink, exports stagnate, FDI plummets: Current account deficit drops 27pc
864bn during the same period last fiscal year, according to latest data released by the State Bank of Pakistan...
The contraction is mainly due to 5pc decrease in total imports even as exports have dropped by around 2pc despite devaluation of the local currency and incentives announced by the government...
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PakistanNon-tariff barriers hinder exports between China and Pakistan
China and Pakistan have redefined regional trade patterns after explicit bilateral contracts under the China-Pakistan Economic Corridor (CPEC)...
However, the prevailing non-tariff barriers (NTBs) have restrained the volume of Pakistan’s exports to China...
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PakistanPakistan 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...
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ArchiveRestrictions 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... ...
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WorldIndia'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...
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PakistanPakistan'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...
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ArchiveSaudi Arabia bans shrimp imports from Pakistan
KARACHI: Saudi Arabia has banned shrimp imports from Pakistan, a worrying development for the Marine Fisheries Department (MFD) as other countries may follow suit...
Pakistan exported about 2,016 tonnes of seafood (valued at $7...
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PakistanPakistan puts 'unofficial hold' on cotton imports from India as tensions simmer
Pakistan has suspended cotton imports from its top supplier, India, saying shipments failed to fulfil phyto-sanitary certification, threatening the $822 million-a-year trade, government and industry officials told Reuters...
Traders say rising hostility between the neighbours might have prompted Pakistan to restrict imports...
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PakistanChina 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...
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PakistanBefore 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...
Now with the amnesty scheme, the situation had improved to such an extent that the government had enough resources to pay salaries of its employees and pensions [of retired employees], he said while heading a two-judge bench that had taken up a...
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ArchiveDeclining exports — turning around and beyond
PAKISTAN’s exports during the financial year 2015-16 fell to $20...
1pc annual decline was unprecedented in the recent history of national exports and warrants a candid analysis of the export sector...
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ArchiveProduction and exports of Indian tea decline
While erratic weather conditions are playing havoc with tea plantations in the two northern states of Assam and West Bengal — which account for more than 75pc of India’s annual tea production — rising costs and declining yields at auctions are hurting the industry’s finances...
Exports from India — the world’s third-largest tea exporter after Kenya and Sri Lanka — are also stagnating...
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ArchiveNew varieties in rice output and exports
SUSTAINABLE growth in food crops is crucial to feed the fast-expanding local food industry and boost export earnings...
“We’re conscious of such considerations and are trying to ensure that food crops output keeps growing consistently,” says a senior official of the Ministry of National Food Security and Research (MNFSR)...
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ArchiveTextile and clothing exports jump 7.33pc
ISLAMABAD: Pakistan’s textile and clothing products exports revived in August from a year ago, according to the data released by the Pakistan Bureau of Statistics (PBS) on Wednesday...
However, total exports proceeds from the textile and clothing sector jumped 7...
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