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Pakistan's exports record ample increase in July 2024

Pakistan’s exports record ample increase in July 2024

Pakistan’s exports have recorded an ample increase since the beginning of the current fiscal year due to facilitation of Special Investment Facilitation Council (SIFC). According to the statistics, exports to the United States in July this year stood at 476.017 million dollars, which is 7.26 percent higher than the same period last year. The exports […]

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Monsoon rains killed 591 people across Pakistan since July 1

Monsoon rains killed 591 people across Pakistan since July 1

ISLAMABAD: Torrential rains claimed at least 306 lives and injured 591 persons in separate rain-related incidents across the country from July 1 to September 3, the National Disaster Management Authority (NDMA) said in its report on Monday. The disaster management authority elaborated on the devastation caused by continued wet spells, which resulted in a great […]

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history has shown that import substitution does not yield successful outcomes by the end of the 20th century almost all countries abandoned these policies in favour of export led growth photo file

Regional exports surge by 25.59% in July

ISLAMABAD: Pakistan’s exports to seven regional countries saw a 25.59% increase in the first month of the current fiscal year (2024-25), reaching $339.88 million—14.21% of the total $2.39 billion in exports during July, according to the State Bank of Pakistan (SBP). China was the largest export destination, with exports rising by 4.13% to $160.1 million, […]

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Sugar import decreased by 44.90pc in July 2024

Sugar import decreased by 44.90pc in July 2024

Import of sugar into Pakistan during the first month of the current financial year decreased by 44.90 per cent as compared to the imports of the corresponding month of the last year. During the month of July, over 280 metric tons of sugar costing $0.297 million were imported as compared to the imports of 574 […]

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Car Sales Fall Falt in July 2024

Car Sales Fall Falt in July 2024

New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe’s auto industry body showed on Thursday. Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s […]

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an employee walks inside the premises of an oil refinery of essar oil which runs india s second biggest private sector refinery in vadinar in the western state of gujarat india october 4 2016 picture taken october 4 2016 photo reuters

India tops China as Russia’s largest oil buyer in July

NEW DELHI: India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record 2.07 million barrels per […]

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tribune

RDA inflows dip to $161m in July

KARACHI: Overseas Pakistanis deposited and invested $161 million in July 2024 through the Roshan Digital Account (RDA), a figure below the past six-month average, contributing to a Rs0.18/$ decline in the domestic currency in the inter-bank market on Wednesday. According to State Bank of Pakistan (SBP) data, these inflows have pushed total RDA receipts to […]

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