Pakistani rice exports registered a remarkable growth of 19% during the first half of the current fiscal year, despite global trade turmoil and intense competition from regional players. From July to December 2024, the country exported 3.06 million tons of rice worth $1.87 billion, compared to 2.57 million tons worth $1.64 billion in the same … Read more
Pakistan Textiles Group’s exports rose by 9.67% during the first half (July-December) of fiscal year 2024-25, reaching $9.084 billion compared to $8.283 billion in the same period last year, according to Pakistan Bureau of Statistics (PBS) data. ). Textile exports in December 2024 saw an increase of 5.55% year-on-year, reaching $1.477 billion compared to $1.399 … Read more
Federal Minister for Industries and Production Rana Tanveer Hussain urged the business community to target exports worth $100 billion over five years, exceeding the government’s target of $60 billion. He stressed the importance of cooperation between the government and the business sector to achieve economic renaissance and sustainable growth. Addressing the Lahore Chamber of Commerce … Read more
The United States remained the top destination for exports of Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom. Total exports to the United States during this period recorded $2,512.809 million compared to $2,299.165 million last year, showing an increase of 9.29 percent, according to … Read more
Remittances from overseas Pakistanis exceeded export earnings during the first half of fiscal year 2024-25, highlighting a shift in foreign exchange inflows despite the government’s efforts to boost exports. According to data issued by the State Bank of Pakistan, remittances amounted to $17.645 billion, exceeding exports of $16.561 billion, a difference of $1.084 billion. In … Read more
According to the China Passenger Car Association (CPCA), China’s automobile exports are expected to slow in 2025 after maintaining its position as the world’s largest automobile exporter for the second consecutive year in 2024. Export growth is expected to decline to 10%, with electric vehicle shipments expected to stagnate, CPCA Secretary-General Cui Dongshu said on … Read more
ISLAMABAD: Services exports from Pakistan rose by 7.8% during the first five months of the current fiscal year, reaching $3.275 billion, compared to $3.044 billion during the same period of the previous year, according to trade data released by the Pakistan Bureau of Statistics. This growth reflects an upward trend in the country’s services sector, … Read more
The Civil Aviation Authority (CAA) has launched a program to train and export skilled pilots, to address the regional cockpit crew shortage and create opportunities for Pakistan’s aviation sector. Director General of the Civil Aviation Authority, Nader Shafi Dar, confirmed this initiative and noted the great demand for pilots in the Asia-Pacific region. He explained … Read more
Federal health authorities are moving ahead with plans to establish the Pakistan Food and Drug Authority (FDA), a central regulatory body aimed at standardizing food, pesticides and cosmetics. According to a news report, the initiative will replace the Drug Regulatory Authority of Pakistan (DRAP) and aims to align Pakistan with global health and safety standards. … Read more
With demand for Pakistani rice rising due to its quality and aroma, exports are expected to increase by 10% in the first half of the fiscal year 2024-25, according to commodity experts. In November 2024, Pakistani rice exports grew by 17% in quantity and 5.6% in dollar value compared to November 2023. Non-basmati rice exports … Read more