Pakistan’s trade deficit surged 32.92 percent during the first quarter of the current fiscal year (July–September), reaching $9.36 billion, according to data released by the Pakistan Bureau of Statistics (PBS). The widening deficit was driven by a sharp rise in imports alongside a decline in exports. Imports during July–September increased 13.49 percent to $16.97 billion,…
Pakistan has fulfilled yet another tough condition of the International Monetary Fund (IMF) by allowing the commercial import of vehicles older than five years, effective from October 1. The Ministry of Commerce has formally permitted the commercial import of old vehicles, which will now be processed strictly through banks. Officials confirmed that a 40 percent…
US President Donald Trump has unveiled a new round of steep import tariffs, affecting dozens of countries — including a 19% duty on Pakistani goods — just days before a key trade deal deadline. Part of a broader push to overhaul global trade practices, the new measures place Pakistan among 69 nations facing US tariffs…
