Rs70 million project targets research upgrades Senior citrus expert Chaudhry Abdul Khaliq said on Wednesday that the launch of the Sargodha Citrus Development Programme would help increase the production of Kinnow, with its export expected to bring in more foreign exchange. While addressing a ceremony here, attended by the DirectorContinue Reading

The textile and clothing exports increased 10.51 per cent in the first five months of the current fiscal year, Pakistan Bureau of Statistics data showed on Tuesday. After contracting 3.09pc in the first month of 2024-25 in July, the textile exports maintained a bullish trend with robust growth of 13pcContinue Reading

Pakistan’s agricultural exports are witnessing significant growth due to the support of the Special Investment Facilitation Council. Pakistan has crossed an important milestone in commercial exports by exporting tractors to the East Africa. Recently, the first consignment of Pakistani tractors has reached the African country of Tanzania. Through the effortsContinue Reading

Foreign currency deposits have surged $2.19b in four monthThe central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. With the latest weeklyContinue Reading

Federal Minister for Industries and Production Rana Tanveer Hussain has praised Nestlé’s efforts in advancing Pakistan’s packaged food exports, acknowledging the company’s recent success in reaching 26 countries and generating USD 23 million in export revenue in 2024. Iconic brands like NESTLÉ FRUITA VITALS, EVERYDAY, and MILKPAK CREAM now bringContinue Reading

Pakistan stands as the sixth-largest recipient of global remittances, with a remittances-to-GDP ratio of over 7 percent. This translates to approximately $30.3 billion, making remittances the country’s second-largest source of income, trailing only exports, which contribute about 9pc to GDP. Notably, Pakistan’s remittance-to-GDP ratio surpasses that of neighboring countries like BangladeshContinue Reading