imports News

APTMA appreciates 18% sales tax on imported cotton yarn

The All Pakistan Textile Mills Association (APTMA) has extended its sincere appreciation to the Government of Pakistan for imposing an 18% sales tax on imported cotton yarn.

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Minister calls for boost in Sesame production to reduce edible oil imports

Strengthening sesame production in Pakistan is crucial for reducing edible oil imports and increasing foreign exchange, Federal Minister for National Food....

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Petroleum import bill declines by 1.24% to $1.4bn in Nov

The import bill of the petroleum group decreased by 1.24% to $1.4 billion in November 2024, compared to the import bill of $1.424bn recorded in November 2023...

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Remittance growth cushions Pakistan expanding trade gap

Pakistan's trade deficit widened for the third straight quarter, fueled by a surge in imports—indicating a recovery in economic activity...

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Petroleum import bill rises 1.5% to $1.3bn in Sep

The import bill of the petroleum group increased 1.5% to $1.3 billion in September 2024, compared to the import bill of $1.28bn recorded in September 2023...

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SBP extends deadline for dollar imports until June 2025

To ensure an adequate supply of cash USD in the open market, the State Bank of Pakistan has extended the deadline for the import of cash dollars...

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Pakistan imports from China clocks in at $1.15bn

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during August 2024, clocking in at $1.15 billion...

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Pakistan imports from China clocks in at $1.5bn

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during July 2024...

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Petroleum import bill surges 40% to $1.2bn in July

The import bill of the petroleum group grew to $1.22 billion in July 2024, marking an increase of 39.97% YoY compared to the import bill of $874.76m...

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Pakistan sees solar boom as Chinese imports surge: Report

Pakistan’s market for solar power is booming, propelled by a surge in imports from China, according to a report by BloombergNEF analyst Jenny Chase...

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Pakistan imported 6.2 MMT wheat in last two years: Tanveer Hussain

Pakistan imported 2.60 MMT and 3.587 MMT wheat during the last two years...

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Pakistan's trade deficit widens 19.7% YoY in July

Pakistan's trade deficit in July 2024 has increased by 19.7% YoY to $1.95bn as compared to a deficit of $1.63bn recorded in the same month last year...

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Govt imposes 25% tax on imported mobile phones

The government will charge a 25% sales tax on the import of mobile phones in completely built up (CBU) condition having a value above $500...

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Petroleum import bill drops 19.7% to $15.2bn in FY24

The import bill of the petroleum group declined to $15.16 billion in fiscal year 2023-24, marking a decrease of 19.7%...

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Pakistan sees highest imports from China in FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during the fiscal year 2023-24...

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Govt imposes ban on flour export

The federal government on Friday withdrew its earlier decision and banned the export of flour made from imported wheat...

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Pakistan's trade deficit narrows 12.3% YoY in FY24

Pakistan's trade deficit reduced by 12.3% YoY to $24.09bn in fiscal year 2023-24 as compared to a deficit of $27.47bn in the previous year...

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Govt raises import duties on milk products

In an initiative to increase regulatory duty on the import of 657 luxury and non-essential items, the federal government has imposed a 25% duty on milk ...

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Seafood imports to face up to 35% levy from July

The federal government has levied a regulatory duty of up to 35% on various types of seafood, effective from July 1, 2024...

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Govt imposes 50% duty on pet food imports

The federal government has levied a 50% regulatory duty on the import of dog and cat food intended for retail sale...

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Petroleum import bill rises by 1.52% YoY to $1.36 in May: SBP

The import bill of the petroleum group increased to $1.36 billion in May 2024, marking a increase of 1.52% YoY compared to the import bill of $1.34bn...

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Trade deficit narrows 15.2% YoY in 11MFY24

Pakistan's trade deficit in the eleven months of fiscal year 2023-24 has reduced by 15.2% YoY to $21.73bn as compared to a deficit of $25.64bn in 11MFY23...

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FBR sets new customs values for milk product imports

The FBR Directorate General of Customs Valuation Karachi has fixed new customs values on the import of “Skimmed Milk Powder and Instant Milk Powder"...

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Meat exports rise 24.4% YoY in 10MFY24

Meat and meat preparations exports from the country during the first 10 months of the current financial year grew by 24.37%...

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China dominates as Pakistan’s top import partner in April FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during April FYFY24, followed by Saudi Arabia, U. A. E. Dubai...

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Petroleum import bill drops by 29.46% YoY to $1.1 in March: SBP

The import bill of the petroleum group declined to $1.1 billion in March 2024, marking a decrease of 29.46% YoY compared to the import bill of $1.56bn...

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China dominates as Pakistan’s top import partner in March FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during March FY24, followed by U. A. E. Dubai, Qatar...

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Pakistan's trade deficit rises by 24.56% MoM in March

Pakistan's trade deficit for the month of March has increased by 24.56% MoM to $2.17 billion as compared to a deficit of $1.74bn recorded in February 2024....

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China dominates as Pakistan’s top import partner in February

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during February 2024, followed by U. A. E. Dubai, Saudi Arabia...

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Trade deficit improves by 13.5% MoM in February

Pakistan's trade deficit for the month of February improved by 13.49% MoM to $1.71 billion as compared to a deficit of $1.98bn in January 2024...

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China dominates as Pakistan’s top import partner in January FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during January FY24, followed by Qatar, Saudi Arabia...

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Petroleum import bill rises by 15.65% YoY to $1.43bn in January: SBP

The import bill of the petroleum group stood at $1.43 billion in January 2024, marking an increase of 15.65% MoM compared to the import bill of...

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SBP empowers dealers for import advances without prior approval

The State Bank of Pakistan (SBP) has granted Authorized Dealers the authority to make import advance payments, up to 100% of the value of...

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Breakup of Pakistan's trade data in December: PBS

Pakistan's revised trade deficit for the month of December clocked in at $1.83 billion compared to a deficit of $1.97bn from the previous month, improving...

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Pakistan’s oil import bill drops 27% YoY to $7.35bn in 1HFY24: SBP

The import bill of the petroleum group clocked in at $7.35 billion in 1HFY24, marking a decline of 26.95% YoY compared to the import bill of $10.07bn...

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China’s dominance in Pakistan’s imports continues In Dec FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during December FY24, followed by Saudi Arabia, U. A. E. Dubai...

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Pakistan posts a current account surplus of $397m in December

Pakistan has recorded a current account surplus of $397 million largely due to a decline in imports and an increase in exports...

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Pakistan’s exports witness massive growth of 33% YoY in December

In the first 20 days of December 2023, Pakistan experienced an outstanding year-on-year increase in exports, amounting to $479 million, reflecting an...

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Textile exports fell by 5.43% MoM in November: SBP

The country's total textile exports registered a decrease of 5.43% MoM to $1.37bn in November 2023 compared to $1.45bn recorded in the....

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China dominates as Pakistan’s top import partner in November

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during November FY24, followed by Saudi Arabia...

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Pakistan on right track to economic recovery: Commerce Minister

Pakistan's trade performance has shown significant improvement in 5MFY24, and the country's journey to stability continues...

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China dominates as Pakistan's top import partner in October FY24

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during October FY24, followed by U. A. E. Dubai, Saudi Arabia...

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Current account deficit worsens by 61% MoM to $74m in October

The current account deficit for October 2023 widened significantly by 60.87% MoM to stand at $74 million compared to the deficit of $46m in September 2023...

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Breakup of Pakistan's trade data in October: PBS

Pakistan's revised trade deficit for the month of October clocked in at $2.174 billion compared to a deficit of $1.52bn from the previous month...

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Dr. Shamshad Akhtar urges strategic measures to narrow export-import gap

The export-import gap can be narrowed by tapping into new markets with technological advancements and eliminating impediments....

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China's economy shows mixed signals with import growth, export decline

China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators...

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Service sector trade deficit widens by 75.61% YoY in September

The service sector of Pakistan posed a trade deficit of $216 million in September, reflecting a significant rise of...

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Petroleum import bill falls by 20% YoY to $1.18bn in September: SBP

The import bill of the petroleum group soared to $1.18 billion in September 2023, marking a decrease of 20.43% YoY compared to the...

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Pakistan’s import sources: China leads

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during September FY24, followed by Saudi Arabia, U. A. E. Dubai...

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Govt imposes 10% fee on Afghan transit goods

The caretaker government has imposed a 10% processing fee on five major categories of Afghan transit commercial goods imported into Afghanistan via Pakistan...

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Trade deficit improves by 31.13% MoM in September

Pakistan's trade deficit for the month of September was $1.489 billion compared to a deficit of $2.162bn from the previous month, improving by 31.13% MoM...

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Petroleum import bill soars by 66% MoM to $1.17bn in August

The import bill of the petroleum group soared to $1.17 billion in August 2023, marking a remarkable increase of 66.01% MoM compared to the import bill of.....

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Textile exports registered a fall of 17.06% YoY in August: SBP

The country's total textile export registered a fall of 17.06% YoY to $1.42bn in August 2023 compared to $1.71bn recorded in the same period of...

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China tops Pakistan's import list in August

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during August FY24, followed by U. A. E. Dubai, Qatar, and Kuwait..

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Trade deficit worsens by 30% MoM in August

Pakistan's trade deficit for the month of August was $2.126 billion compared to a deficit of $1.637bn from the previous month, worsening...

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UNISAME calls for revision of solar panel import policy to accommodate SMEs

The Union of Small and Medium Enterprises (UNISAME) on Monday urged the State Bank of Pakistan (SBP) Exchange Policy Department and Ministries of Commerce....

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Dollar constraints, low demand: A deadly combo for car industry

The car industry hit the skids in July 2023, as production plummeted to a mere 5,450 units, barely above the lowest monthly figure recorded in April 2023...

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Government to formulate textile export enhancement strategy

To increase the country's textile export base, the Ministry of Commerce (MOC) is currently in the process of a strategy for export enhancement and therefore....

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China remains Pakistan’s top source of imports during July

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during July FY23, followed by U. A. E. Dubai, Indonesia, and....

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Miftah-Dar’s import strategy saves Pakistan from default

In the realm of economic discussions, it is not uncommon for certain aspects to outshine others. While the decline in Pakistan's export and remittance...

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Import bill of POL slides 24% MoM in June: SBP

The import bill of the petroleum group for the month of June 2023 declined by 24.34% MoM to stand at $939.55 million, compared to $1.24 billion in May 2023...

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China tops Pakistan’s import list in FY23

Among Pakistan’s top trading partners, China remained the top source of imports for Pakistan during June FY23, followed by U. A. E. Dubai, Qatar, and Saudi...

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China tops Pakistan’s import list in May

 China remained the top source of imports for Pakistan during July-May FY23, followed by Saudi Arabia and Qatar...

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Import bill of POL slides 10% YoY in May: SBP

The import bill of the petroleum group for the month of May 2023 declined by 10.37% YoY to stand at $1.24 billion, data issued by the State Bank of Pakistan...

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Oil import surges by 58% MoM in May: PBS

The import bill of oil was recorded at $1.41 billion in May 2023, up by 57.91% MoM compared to $891.46 million in April 2023, data released by the Pakistan Bure

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Oil imports plunge by around 60% YoY in April 2023: PBS

The import bill of oil was recorded at $891.46 million in April 2023 plunging by 59.91% YoY and by 26.11% MoM...

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Import bill of POL slides 28% YoY in April: SBP

The import bill of the petroleum group for the month of April 2023 declined by 28.69% YoY to stand at $1.28 billion while on a monthly basis...

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Summary on supply of milling wheat from Russia submitted to ECC

Summary on supply of milling wheat from Russia submitted to ECC

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UAE's Coral Energy becomes Pakistan's top fuel oil supplier - data

UAE's Coral Energy becomes Pakistan's top fuel oil supplier - data

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Pakistan’s imports reduce to $5bn in July: Miftah Ismail

Pakistan’s imports reduce to $5bn in July: Miftah Ismail

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PCDMA registers complaint against banks for charging higher rate of dollars

PCDMA complaints against banks charging higher exchange rate than interbank rate

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Pakistan’s imports stood at $3.7bn by July 25: Miftah Ismail

Pakistan’s imports stood at $3.7bn by July 25: Miftah Ismail

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Imports have come under control, says Miftah Ismail

Imports have come under control, says Miftah Ismail

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Government opens consultation on procuring Russian Oil

Government opens consultation on procuring Russian Oil

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FM directs authorities to resolve oil import issues

FM directs authorities to resolve oil import issues

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China's shipment to Pakistan jumps by 11% YoY in April: SBP

China's shipment to Pakistan jumps by 11% YoY in April: SBP

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SBP orders ADs to seek permission from FEOD before initiating import transactions

SBP orders ADs to seek permission from FEOD before initiating import transactions

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Imports ban: A temporary patch?

Imports ban: A temporary patch?

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Pakistan’s Current Account deficit shrinks to $623mn in April

Pakistan’s Current Account deficit shrinks to $623mn in April

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FX reserves drop to $16.4bn, barely enough to finance 1.5 months of imports

FX reserves drop to $16.4bn, barely enough to finance 1.5 months of imports

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Trade deficit jumps by 65% in 10MFY22

Trade deficit jumps by 65% in 10MFY22

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High time to resume trade with India: Mian Mansha

High time to resume trade with India: Mian Mansha

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Pakistan’s CAD decreases to $0.5bn in Feb, lowest since April’21

Pakistan’s CAD decreases to $0.5bn in Feb, lowest since April’21

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Imports from China fall by 10% MoM in January

Imports from China fall by 10% MoM in January

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Weekly Economic Roundup

Weekly Economic Roundup

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Trade deficit declines by 30% MoM in January

Trade deficit declines by 30% MoM in January

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Trade deficit declines by 17% MoM to $4.14bn in Dec

Trade deficit declines by 17% MoM to $4.14bn in Dec

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Imports from China expand by 64% YoY in Nov

Imports from China expand by 64 YoY in Nov

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Trade deficit in services worsens by 5x YoY in November

Trade deficit in services worsens by 5x YoY in November

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Mobile phone imports surge by 41.6% MoM in November

Mobile phone imports surge by 41.6% MoM in November

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Oil, raw materials behind high import bill: Shaukat Tarin

Oil, raw materials behind high import bill: Shaukat Tarin

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Nov record high imports take trade deficit to around $5bn

Nov record high imports take trade deficit to $5bn

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Imports from China soar by 74% YoY in Oct’21

Imports from China soar by 74% YoY in Oct’21

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Mobile phone imports jump by 15.5%YoY in 4MFY22

Mobile phone imports jump by 15.5%YoY in 4MFY22

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Pakistan’s trade deficit swells to $3.9bn in Oct, up by 2.17x YoY

Pakistans trade deficit swells to 3.9bn in Oct, up by 2.17x YoY

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Accelerated economic recovery to continue: Economic Outlook

Accelerated economic recovery to continue: Economic Outlook

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Pakistan’s current account shows $3.4bn deficit in 1QFY22

Pakistan’s current account shows $3.4bn deficit in 1QFY22

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Mobile phone imports up by only 0.42% YoY in 1QFY22

Mobile phone imports up by only 0.42% YoY in 1QFY22

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SBP imposes 100% cash margin requirement on import of additional 114 items

SBP imposes 100% cash margin requirement on import of additional 114 items

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Mobile phone imports up by 40% MoM in Aug’21

Mobile phone imports up by 40% MoM in Aug’21

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Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,120.00 110,525.00
110,055.00
-295.00
-0.27%
BRENT CRUDE 68.59 68.89
68.58
-0.21
-0.31%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.87 67.18
66.87
-0.13
-0.19%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%


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