Pakistan’s import bill for the petroleum group increased to US$ 14.8 billion in the first nine months of the current financial year 2022, up by 96.09% on Year on Year basis, indicated Pakistan Federal Bureau of Statistics data recently. The situation is likely to worsen because of increased geopolitical tensions that have forced Europe and the US to increase their reliance on Liquefied Natural Gas, causing LNG spot prices to soar, rising by 30% recently.… Continue
The State Bank of Pakistan (SBP) has reported that the country received Foreign Direct Investment (FDI) amounting to $1.285 billion during July-March of FY22 as against $1.311 billion in the same month of the previous fiscal year (FY21), showing a decline of about 2%.… Continue
Pakistan’s economy mostly encompasses agriculture-based. It is the fourth largest cotton producer, the fifth largest milk producer, eighth-largest rice producer, second-largest pea producer, and fourth-largest sugar-cane grower.
Despite the above, our economy is passing through low waters just because of unchecked turmoil on the political front, lack of consistent economic policies, rampant luxury items import and slow growth in exports.… Continue
During his successful visit to China from Feb 3 to Feb 5, Pakistan’s Prime Minister Imran Khan met with the Chinese leadership, including President Xi Jinping, to discuss cooperation and the second phase of the China-Pakistan Economic Corridor (CPEC). The Prime Minister’s visit took place after nearly two years.… Continue