China’s crude oil imports from Russia reached a record high in 2024, rising 1% from 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized reduced Russian supplies to cushion weak margins. Data from the General Administration of Customs showed that China imported 108.5 million metric tons of crude from … Read more
Afghanistan became the largest importer of Russian flour last year, doubling its purchases, according to Russia’s state agricultural export agency, Agroexport. The agency stated that Afghanistan imports flour due to insufficient local production capacity to meet demand. The increase in imports came as Russia strengthened its relations with the Afghan Taliban government. Last month, the … Read more
Pakistan’s monthly imports of goods reached $5.2 billion in December 2024, the highest figure in two years and an increase of $800 million compared to November 2024’s $4.4 billion. This recovery comes after a decline to $4.5 billion in December 2023, reflecting renewed momentum in trade flows and regional partnerships. Imports from Iran saw a … Read more
Islamabad: Pakistan’s cotton industry is teetering on the brink of a widespread crisis, with policymakers under fire for negligence and ineffective strategies that have severely impacted the country’s agricultural backbone and textile sector. The unrestricted flow of duty-free cotton and yarn imports has created a challenging environment for farmers, ginners and the entire textile value … Read more
IslamabadWheat imports into the country during the first four months of the current fiscal year recorded a 100 percent decline compared to imports for the corresponding period last year. During the period from July-October 2023-24, the country spent $166,633 million on importing more than 556,903 metric tons of wheat to meet local needs, which recorded … Read more
Pakistan imported nearly 15 gigawatts of solar panels worth $2.1 billion from China in the last fiscal year, as reported in a study titled Great solar eruption in Pakistan. The study indicated that high electricity tariffs, which have risen by 155 percent over the past three years, are pushing households and industries with high consumption … Read more