PG Game
Boy’s body recovered from water channel after 20 days
字号+ Author: Source:Sport 2025-01-16 08:47:33 I want to comment(0)
ISLAMABAD: Pakistan’s merchandise exports rose 14.11 per cent to $7.87 billion in the first quarter
ISLAMABAD: Pakistan’s merchandise exports rose 14.11 per cent to $7.87 billion in the first quarter of the current fiscal year from $6.90bn in the same period last year, according to data released by the Pakistan Bureau of Statistics on Wednesday. The growth momentum picked pace in July owing to improved orders from the international community and stability in the exchange rate. The exports grew 11.83pc in July, followed by 16pc in August and 13.52pc in September. The exports reached $2.81bn in September against $2.47bn in the corresponding month last year. On a month-on-month basis, exports rose a paltry 1.56pc. Global buyers have redirected clothing sourcing from Bangladesh and China and placed orders with Pakistan. It allows Pakistani exporters to capitalise on and capture the market. Trade gap widens to $5.44bn Pakistan Textile Exporters Association Patron-in-Chief Khurram Mukhtar said exports could have been surged by 25pc if issues related to liquidity and taxation had been resolved. The FBR paid Rs146bn in refunds to taxpayers in the first quarter of FY25, up from Rs129bn in the same quarter last year, representing a 13.17pc increase. Refund payments plunged to Rs15bn in September from Rs37bn in the same month last year. According to the PBS data, imports grew 9.86pc to $13.31bn in July-September FY25 from $12.11bn over the last year. The imports increased 16.08pc in September to $4.58bn from $3.95bn in the same month last year. Month-on-month, imports increased 16.08pc. In FY24, imports fell by 0.84pc to $54.73bn compared to $55.19bn in FY23. The trade deficit in July-September FY25 increased by 4.24pc to $5.44bn from $5.22bn over the last year. In September, the deficit increased by 20.35pc to $1.78bn from $1.48bn last year. The trade gap contracted to $24.08bn in FY24 from $27.47bn in the preceding year.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Israeli forces arrest six in Hebron
2025-01-16 08:18
-
Donald Lu hopes for further strengthening of ‘strong relation’ with PM Shehbaz-led govt
2025-01-16 07:07
-
Israel says Beirut strike killed about 10 Hezbollah commanders
2025-01-16 06:35
-
Mismanagement, allegations of paper leak mar MDCAT exam in Sindh
2025-01-16 06:09
User Reviews
Recommended Reads
Hot Information
- Punjab-wide reshuffle in polio teams ahead of upcoming drive
- Punitive tax plan
- Senate committee slams SBP inaction over banks’ Rs65bn ‘unlawful’ profits
- ‘Time to step down’: Babar Azam resigns as Pakistan captain
- Teachers protest outsourcing of schools
- PTI distances itself from MNA ‘in hiding’
- Israeli air raid hits near Beirut hospital
- Thai school bus inferno leaves 23 dead, mostly children
- China ‘firmly supports’ Lebanon in safeguarding its security: FM Wang
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content