The export of telecommunication services also decreased by 12.29 percent as these went down from US $45.230 million to US $39.670 million, the data revealed. Pakistan's exports declined by 24% in july 2022. Pakistans imports on a month-on-month (MoM) basis declined by 38.3 percent in July 2022 as it remained $4.86 billion compared to $7.880 billion in June 2022. The countrys imports also registered $4.8 billion in July as compared to the import bill in June hovering around $7.8 billion. Zulfikar Ali Bhutto belonged to a Sindhi Bhutto family, he was born to Sir Shah Nawaz Bhutto and Khursheed Begum near Larkana. In recent years, Pakistan has emerged as a major supplier to China, the worlds largest rice importing and consuming country. Password requirements: 6 to 30 characters long; ASCII characters only (characters found on a standard US keyboard); must contain at least 4 different symbols; READ MORE: PHMA cries foul on gas suspension to textile industry. Google Acquires AI Avatar Startup Alter for $100 million: The App Will Now Compete With TikTok, PM Audio Leaks Investigation Panel Hasnt Gain Any Progress On The Case, Many Have Earned From Meta Multi-Billion Dollar Loss, Ex US President Donald Trump Applauds Elon Musks Twitter Takeover, Pakistans 1st Locally Assembled Hybrid Crossover Haval H6 Is Arriving Soon, Pakistan IT exports surged by 46% in July-August 2021, Pakistan Makes a Record Earning of $2615 Million From IT Service Exports in 2021-22, Indian Company Plans to Send Tourist Capsules into Space by 2025, Twitter Reaches Out To Some Of The Fired Employees To Come back, iPhone Shipments Might Face Problems Amidst COVID Disruption in China; Says Apple. Karachi, Wednesday June 17, 2022: Pakistans premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first half of the year ending June 30, 2022. 5. During FY2020, the exports hit $25.3 billion, while imports came in at $56.38 billion, a deficit of $31.07 billion. ISLAMABAD: Pakistans exports in July posted a decline of over $700 million or a MoM 24 percent as compared to the exports registered in June 2022. Can Pakistan ever be on a path of sustainable economic growth? FILE: Pakistani rupee the official currency of Pakistan since 1948. July 13, 2022. The monthly trade bulletin showed that goods exports in July 2022 stood at $2.219 billion against $2.92 billion in June 2022 and $2.43 billion in July 2021. Topics include: a market overview; leading sectors for U.S. exports; customs, regulations and standards; techniques for selling U.S. products and services; and business travel. Exports of goods and services from the UK rose by 2.2% from a month earlier to a record high of GBP 68.2 billion in August of 2022, as goods sales advanced by 3.9%, driven by exports of machinery and transport equipment (5.1%), miscellaneous manufactures (8.5%) and fuels (3.4%) mainly to non-EU countries. Imports during FY22 clocked in at $80.18 billion and exports $31.07 billion. The export of information services during the month under review also decreased by 6.45 percent going down from $0.310 million to $0.290 million. 8. A sizable cut in imports came after the government banned a number of luxury items to manage the shortage of dollars in the economy. LAHORE: In a surprising notification on the Pakistan Stock Exchange (PSX), Dewan Farooque Motors Limited has announced that they have entered into an agreement LAHORE: In the midst of uncertain macroeconomic conditions, telecom operator Ufones microfinance bank has managed to record a profit of Rs1.2 billion in the LAHORE: Pak Suzuki Motor Company has followed suit after Atlas Honda and Yamaha increased the prices of their entire portfolios earlier this week. Evil Allah ki CHUD mey Rangila Rasool ka lund. The economy hired foreign companies services for $12.14 billion, while it sold services abroad for $6.97 billion. Comparing June 2022s services trade performance with the same month of the last year, exports jumped 11.75% and imports also surged 57.6%. FILE: Pakistani rupee the official currency of Pakistan since 1948. Pakistans general IT sector went through astonishing growth over the past decade, boasting an average annual revenue growth rate of 20-30%. READ MORE: Textile exporters urge allowing cotton import from India. This was the highest rate since April 2020, mainly due to a sharp jump in cost of food. Interestingly apparently in cotton exports the raw material of cotton, labour and electricity is far higher the end product No wonder only bengladesh can export as they have The EPB data also showed that in the first four months of the current fiscal year 2022-23 (July- October) the overall RMG export reached $13.95 billion with 10.55 % year-over-year growth. Get the latest update on UAE, business, life style, UAE jobs, gold rate, Exchange rate, UAE holidays, Dubai police, RTA and prayer times from UAEs largest news portal. Exports of services grew 4.6pc in July-September Mubarak Zeb Khan November 6, 2022 ISLAMABAD: Service exports grew 4.63 per cent in the first quarter of the current fiscal year, mainly driven by information technology. July 2018 - Long-term baseline projections. The PBS also reported the services trade performance data for July-June 2021-22. In June 2022, services exports stood at $646 million and imports at $1.37 billion indicating a deficit of $727 million. Pakistans exports to the seven regional countries witnessed an increase of 8.57 percent during the first month of current fiscal year, as compared In fact, in the first few months of 2022, Pakistan exported more rice to China than Vietnam, the historic top supplier. Department Press Briefing October 28, 2022 Ned Price October 28, 2022 Washington, D.C. Special Briefing. On the other hand, the trade deficit in July 2022 stood at $2.6 billion with imports of $4.8 billion during the period even though there has been a contraction in imports after various measures taken to control the outflow of dollars. Pakistans imports on a month-on-month (MoM) basis declined by 38.3 percent in July 2022 as it remained $4.86 billion compared to $7.880 billion in June 2022. The computer services exports of software consultancy services witnessed a decrease of 27.40 percent, from $0.219 million to $0.159 million this year while the export of hardware consultancy services however increased by 8.77 percent, from $53.830 million to the $58.551 million. The exports remained limited to $21.63 million during September 2022, compared to $27.85 million during the same month of the last fiscal year. On a YoY basis, exports declined 0.5 percent as they totaled $2.219 billion in July 2022 compared to $2.340 billion in July 2021. Schedule changes again; PTI long march to resume on Thursday, Rawalpindi announces two holidays for educational institutions, COP27: More than 25 countries band together to keep forest promise, Test drive of Pakistans first electric bus service in Karachi, LHC judge recuses himself from hearing Khans plea against FIA notice, Dollar rate today, USD to PKR 7 Nov 2022, other currencies, Pakistan exhibits its products at CIIE for fifth consecutive year in a big way, Countrys bleak economy cant endure political turmoil, instability, Naveed Qamar elected as president of parliamentarians for Global Action, ICCI asks trade officers to cooperate with private sector in promoting trade and export, Afghanistan:Taliban reveal Mullah Omars burial place, Qatar minister accuses Germany of double standards in World Cup criticism. He can be reached at. -. BIOFUEL - OECD-FAO Agricultural Outlook 2013-2022. Hello, can I take your order from 6500 miles away? Some A report by AlphaBeta has found that if leveraged fully, digital technologies could create up to Rs9.7 trillion ($59.7 billion) worth of economic value annually in Pakistan by 2030. During the month under review, computer services grew by 5.77 percent as they surged from $150.456 million last year to $159.140 million during July 2022. What time will the India vs Pakistan Women's Asia Cup T20 2022 will begin? JOBS DESCRIPTION: Pakistan Software Export Board Jobs July 2022 August Apply Online Network Technical Assistants, Support Staff, Accountants & Others PSEB Latest Jobs in upjobskick / pakjobscompany / canajobs7 On a Primary export commodities include textiles, leather goods, You have entered an incorrect email address! As per the data released by Pakistan Bureau of Statistics (PBS) on Tuesday, exports in July were recorded at $2.2 billion against $2.9 billion exports registered in June 2022. The first was for 4.9 million bushels of soybeans for delivery to China, and the second was for 9.8 million bushels of corn for delivery to unknown destinations. (adsbygoogle = window.adsbygoogle || []).push({}); Home 2022 has seen the continued impact of an inflation surge as a result of the ongoing COVID-19 pandemic.The global rollout of COVID-19 vaccines, which began at the end of 2020, has continued, and the year has seen the lifting of COVID-19 restrictions and the reopening of international borders.. The Russian invasion of Ukraine, the largest armed conflict in Europe since World War This article is a list of the countries of the world by gross domestic product (GDP) at purchasing power parity (PPP) per capita, i.e., the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. News desk. On the other hand, the trade deficit in July 2022 stood at $2.6 billion with imports of $4.8 billion during the period. July 23, 2021. In June 2022, the economys imports were $7.88 billion and in July 2021, the monetary volume of imports was $5.575 billion. September 25, 2022. The repair and maintenance services export declined by 95.68 percent from $0.162 million to $0.007 million whereas the export and imports of computer software services witnessed an increase of 31.41 percent, from $35.039 million to $46.044 million. OECD-FAO Agricultural Outlook 2013-2022. KARACHI: Pakistan textile exports hit 11-month low in July 2022 to $1.48 billion, down 13 per cent month on month (MoM). The trade deficit in services ballooned 105.7% to $5.175 billion in FY22 from $2.516 billion in FY21. ISLAMABAD: During the first month of fiscal year 2022-23, Pakistan's exports shrank near a quarter over the previous month and 5.2% over the corresponding month of the last fiscal year, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. The trade deficit reduced by 18.3% to $2.64 billion in July 2022 against $3.235 billion in July 2021. Meanwhile, the value of textile machinery imports by Pakistan decreased significantly by 35.38 per cent year-on-year to $93.330 million in July-August 2022. Under Value-added division, Ready-made segment remained major underperformer as exports witnessed 17 per cent MoM decline to $305 million during July 2022 due to sharp decline in volumetric sales down by 7 per cent MoM. YoY basis imports declined by 12.8 percent in July 2022 and remained $4.8 billion compared to $5.5 billion in July 2021. Exports grew 6.48pc to $2.89bn in June, up from $2.72bn in the previous year. The export of repair and maintenance services declined by 95.68 percent from US $0.162 million to US $0.007 million whereas the export and imports of computer software services witnessed an increase of 31.41 percent, from $35.039 million to $46.044 million. Latest News The countrys goods imports in July 2022 were $4.86 billion. This shows growth of 1.58 percent as compared with US $ 195.996 million earned through provision of services during the corresponding period of last fiscal year 2021-22, Pakistan Bureau of [] In June 2022, the gap was at $4.96 billion. If you continue to use this site we will assume that you are happy with it. Among the information services, the exports of information related services decreased by 2.39 percent, from US $0.209 million to US $0.204 million whereas the exports of other information services dipped by 14.85 percent, from US $0.101 million to US $0.86 million. During FY2020, the exports hit $25.3 billion, while imports came in at $56.38 billion, a deficit of $31.07 billion. During this Exports during July April, 2021 - 2022 totaled Rs. Accessed on July 13, 2022 Forbes Global 2000 rankings, The Worlds Biggest Public Companies. New Zealand is about 2,000 kilometres (1,200 mi) Among the computer services, the exports of software consultancy services witnessed a decrease of 27.40 percent, from US $0.219 million to US $0.159 million this year while the export of hardware consultancy services however increased by 8.77 percent, from US $53.830 million to US $58.551 million. Publishing Editor: Babar Nizami - Joint Editor: Yousaf Nizami - Assistant Editors: Abdullah Niazi I Sabina Qazi - Sub-Editors: Mariam Zermina | Basit Munawar - Editor Multimedia: Umar Aziz - Video Editors: Talha Farooqi I Fawad Shakeel - Reporters: Ariba Shahid I Taimoor Hassan l Shahab Omer l Ghulam Abbass l Ahmad Ahmadani l Shehzad Paracha l Aziz Buneri | Maliha Abidi | Daniyal Ahmad | Ahtasam Ahmad | Asad Kamran - Chief of Staff: Maliha Abidi - Regional Heads of Marketing: Mudassir Alam (Khi) | Zufiqar Butt (Lhe) | Malik Israr (Isb) The economy racked up a record-high trade deficit of $48.385 billion in the last fiscal year due to the sky-high oil imports bill. India was the largest source of tourist visits with 21% of the total traffic received, followed by Russia (15%), the UK (10%), Germany (7%), and Australia (5%). Pakistans exports to the seven regional countries witnessed an increase of 8.57 percent during the first month of current fiscal year, as compared to the corresponding month of last year. KARACHI: Pakistan textile exports hit 11-month low in July 2022 to $1.48 billion, down 13 per cent month on month (MoM). Aug 3, 2022. ghazi52. According to a 2021 estimate, the Country has a population of 227 million people (5th-largest worldwide).Pakistan is a developing country with a semi-industrial economy. As per the data released by Pakistan Bureau of Statistics (PBS) on Tuesday, the exports in July 2022 recorded $2.2 billion as against $2.9 billion exports registered in June The India vs Pakistan Women's Asia Cup 2022 match will be played at the Sylhet International Cricket Stadium in Sylhet. In June 2022, the gap was at $4.96 billion. 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