During the last fiscal year that ended on June 30, Pakistan’s exports (fob value) increased to $31.1 billion whereas imports consumed $53.2bn, leaving a trade deficit of $22.1bn, according to the latest balance of payments statement. Although this volume of deficit is lower compared to the deficit of $24.8bn recorded a year earlier, the country’s precarious external finance situation requires f
Indus Motor Company (IMC) announced the milestone achievement of exporting vehicles manufactured in Pakistan during a ceremony held at the company’s manufacturing facility at Port Qasim Authority on Wednesday. The company revealed plans to export the Toyota Fortuner, Hilux and Corolla Cross models to Oceanian countries. In a notice to the stock exchange, IMC tempered expectations by noting t
The United Kingdom, not China, received the highest amount of profits and dividends on foreign investments in FY24, showed the State Bank of Pakistan’s data on Wednesday. China has been in the media regarding profits of independent power producers (IPPs) as solid resistance from all sections of Pakistani society has emerged against the staggering capacity payments to all IPPs. The SBP data s
Pakistan’s consumer price index (CPI) in July rose 11.1 per cent Year-on-Year (YoY), data from the Pakistan Bureau of Statistics (PBS) showed on Thursday. The CPI measures household inflation and includes statistics about price change for categories of household expenditure. “General CPI inflation increased to 11.1pc on year-on-year basis in July 2024 as compared to an increase of 12.6pc in
Pakistan has received five bids from Chinese firms to help it raise funds via Panda bonds on Thursday, a Bloomberg report confirmed. Panda bonds are a type of debt security issued by foreign entities in the Chinese capital markets, and they are denominated in Chinese yuan (RMB). These bonds allow foreign issuers, including multinational corporations, international financial institutions, and so