ISLAMABAD: The import of mobile phones in the country during first 10 months of the fiscal year 2017-18 increased by 18.56 per cent as compared to same period the previous year. The import increased to $678.6 million during July-April (2017-18) from $572.38 million in the same period of the year 2016-17. According to latest data…
Details
KARACHI: Pakistan is set to export technical manpower to Saudi Arabia as the demand for technical staff increases in the Kingdom and other Gulf countries in public and private sector organizations. Overseas Employment Corporation (OEC), Ministry of Overseas Pakistanis and Human Resource Development officials say that the demand for technical staff has been communicated to the…
Details
LAHORE: The liquefied natural gas (LNG) imports of Pakistan touched a record of 10 million tons in previous three years, which resulted in savings of $3 billion in fuel imports for the national exchequer. LNG imports are set to further increase in wake of the commencement of commercial operations of three new regasified LNG plants in…
Details
Business activity slowed during the month of Ramadan in Pakistan, with cement demand also affected. In May 2018, domestic cement sales were the slowest seen in the current fiscal year, which runs until the end of June 2018, yet they still rose by 2.4%. When exports, which rose by 41.8%, are also included, the year-on-year…
Details
KARACHI: Contrary to the previous two rounds of rupee devaluation, this time the KSE-100 Index underwent a rather subdued ride when the currency weakened against the US dollar. Analysts say the third round of rupee weakening, which came against expectations and assurances given by the PML-N government, has left investors bewildered at the extent of…
Details
WITH an annual increase of 60pc, the imports of pulses had risen past $950 million during the last fiscal year, and at the beginning of this fiscal, it was feared that the import bill would cross the billion-dollar mark. However, for now, the imports look set to consume $550m at most, resulting in a much-needed…
Details
ISLAMABAD: Pakistan’s monthly import bill peaked to $5.8 billion in May, breaking the record registered four months ago, as all administrative measures to contain imports seem to have backfired. Cumulatively, imports increased to $55.2 billion in eleven months, reported the Pakistan Bureau of Statistics (PBS) on Monday. Pakistan has applied all administrative means, starting from…
Details
KARACHI: Pakistan’s exports to Afghanistan have clocked two-year highs during the first ten months (July-April) of the outgoing financial year 2017-18. Despite tensions between the two neighbour countries, State Bank of Pakistan’s (SBP) latest report reveals Pakistan’s exports to Afghanistan touched $1.282 billion in July-April FY18, reported Dawn. The figure of Pakistan’s exports to Afghanistan was higher…
Details
KARACHI: Exports from Pakistan have gone up in the current fiscal year. According to data retrieved from the State Bank of Pakistan (SBP), the growth in exports has been positive for all months since May 2017. Average growth has been more than 11%. This is a reversal of the trend observed between July 2014 and…
Details
KARACHI: JW Forland has planned to produce dump trucks, cargo trucks and special purpose vehicles in Pakistan with an installed capacity of 30,000 units per annum. The company has made the plan in the wake of Pakistan’s Auto Industry Development Policy 2016-21 that has eased the entry of new players into Pakistan’s market. JW Forland…
Details