Government to miss export target by over USD 3 billion

News Image

MG News | May 19, 2017 at 11:24 AM GMT+05:00

0:00

The government during the current fiscal year would miss the target fixed for the exports by bigger margin as the cost of doing business remained high and Pakistani lost competitiveness in the world market against its peers.

The exports in fiscal year 2016-17 might settle around 21.7 billion dollars as against target of 24.8 billion dollars set at the start of the running fiscal year.

Pakistan exports during the last fiscal year settled at 22 billion dollars. When this government came into power the exports reached its optimum level of 25 billion dollars but since then it is falling and three years period, exports recorded an evaporation of almost 3 billion dollars.

Imports in the current fiscal year would reach 45.7 billion dollars as against target of 45.2 billion dollars set at the start of the fiscal year. During 2015-16 the imports stood around 40.5 billion dollars. Imports are higher as machinery other inputs and power generating machines are coming under the umbrella of CPEC which would ballooned the trade deficit. As against target of 20.4 billion dollars earmarked for trade deficit, the deficit would be 24 billion dollars, according to the government estimate for the current fiscal year.

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,025.00 120,695.00
116,090.00
-3210.00
-2.67%
BRENT CRUDE 68.79 69.41
68.60
-0.42
-0.61%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.65 67.13
66.22
-0.33
-0.49%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg