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Oil import bill sharply rises by 53pc on rupee depreciation

ISLAMABAD: The sharp depreciation in Pak Rupee resulted in massive increase in oil import bill by 53 percent to Rs327.83 billion during first two...

Trade deficit narrows to $6.167 billion in July – August

ISLAMABAD: The trade deficit has narrowed to $6.167 billion during first two months of the current fiscal year due to nominal growth in import...

Inflation increases by 5.8 percent in August

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 5.8 percent on year-on-year basis in August 2018 as compared to...

Import of CKD, SKD vehicles sharply increases by 67.45pc in July

KARACHI: The country has spent $124.15 million on import of vehicles in Completely Knocked Down (CKD) / Semi Knocked Down (SKD) conditions during first...

Textile exports plunge by 16.09pc

ISLAMABAD: Pakistan’s textile exports have plunged by 16.09 percent to $1 billion in July 2018 as compared with $1.19 billion in June 2018. However,...

Trade deficit balloons by $3.19 bln in July

KARACHI: The trade deficit for the first month of current fiscal year widened by $3.19 billion despite initiatives of different departments to discourage imports. According...

POL prices rise by over 55 percent in a year

KARACHI: The prices of petroleum products have registered increase over 55 percent during last one year, according to weekly Sensitive Price Indicator (SPI) for...

Motor car imports increase to $1.26 billion amid fiscal crisis

KARACHI: The country has spent foreign exchange of $1.26 billion to purchase motor cars during 2017/2018 neglecting the serious balance of payment crisis and...

Pakistanis spend Rs93.6 billion on mobile phones import

KARACHI: Pakistanis have spent Rs93.59 billion to import mobile phones during 2017/2018, which is 26 percent higher than Rs74.30 billion higher than the preceding...

Textile exports up 14.15pc in 2017/2018 on rupee devaluation

KARACHI: The rupee depreciation helped the textile exports to grow by 14.15 percent in terms of local currency to Rs1,488 billion during fiscal year...

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