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financial year

Duty-free imports surge 67% in four months

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Duty-free imports

KARACHI: The duty-free imports have registered a growth of 67 per cent during the first four months (July-October) 2021 in the wake of a surge in the total import bill. According to official data, the pace of clearance of duty-free imports is more than the clearance of total imports at the Customs stage. The Customs … Read more

Pakistan’s trade deficit increases 134% in November

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Pakistan trade

KARACHI: The import bill of Pakistan recorded a hike in November, 2021, as the country witnessed a growth of more than 82 per cent in imports on a year-on-year basis. According to data released by the Pakistan Bureau of Statistics (PBS), the imports for November 2021, reached $7.8 billion, compared with $4.3 billion in the … Read more

Attock Refinery earned Rs 1.068 billion during the last financial year

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Attock Refinery

Attock Refinery Limited (ATRL) has earned a post-tax revenue of Rs 1.068 billion during the financial year ended June 30, 2021. According to the company’s financial results, ATRL’s earnings per share during this period was Rs 10.01. It should be noted that in the financial year 2020, the company had a loss of Rs 4.685 … Read more

Imports of machinery increased by 40% in July-August

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Machinery

During July and August of the current financial year, the imports of machinery for the establishment of new industries, expansion of the network of textile industries, mobile phone companies, and increase in power generation has increased by 40%. According to media reports, imports of machinery, plants, and technology increased from $ 1.32 billion in the … Read more

Export freight costs declined during the first two months of the fiscal year

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Export freight

Export freight expenditure on domestic exports has declined on an annual basis during the first two months of the current financial year. According to the SBP report, between July and August this year, freight expenditure on domestic exports was 40.27 million, which is 23.93 percent less than the same period of the previous financial year. … Read more

The growth of major industries in the country has increased

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industries

The growth of major industries in the country has increased during July this financial year. According to the National Bureau of Statistics, July 2021 saw a 2.25 percent growth of the large-scale manufacturing industry, with 11 industries showing an increase in production while four industries saw a decline in production. During July, the textile industry … Read more

120% increase in trade deficit in the first two months of the financial year

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financial year

The first two months of the current financial year saw a 120 percent increase in the trade deficit, the Federal Bureau of Statistics (FBS) said.

Exports increased by 27.59% to 4 billion 57 crores, compared to 3 billion 58 crores in the same period last fiscal year. Imports were 6.99 billion during the period, with a trade deficit exceeding 7 billion 49 crores.

Exports declined by 4.53% in August compared to July this year. The volume of exports in July 2021 was 34 2.34 billion, the volume of exports in August 2021 was 2 billion 23 crore, compared to July this year.

Imports increased by 15.39% in July 2021. The volume of imports was 5 billion 6 crore. In August 2021, the volume of imports was 6 billion 46 crore.

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Exports of Surgical goods, Medical instruments increases 9.56 %

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surgical instrument

ISLAMABAD: The export of Surgical goods and medical instruments increased about 9.56 % According to the details, Surgical goods and Medical instruments exports from the country during six months of current financial year grew by 9.56% as compared the exports of the corresponding period of last year. The sources of APP, During the period from … Read more

SBP announces monetary policy for the next two months

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SBP issues Nisab for Zakat deduction on bank accounts

The State Bank of Pakistan has announced a monetary policy for the next two months today. As per the details, the basic interest rate has not been changed by the State Bank while the policy rate of the State Bank is maintained at 13.25%. Central Bank of the World lowers their policy rates because US … Read more

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