In March 2024, Pakistan experienced a significant increase in imports from India, reaching $278 million. This marked a notable surge of 48 percent compared to the same period the previous year, when imports stood at $185 million. Interestingly, this surge occurred despite Islamabad's embargo ...

The State Bank of Pakistan has abolished the dollar cash margin requirement on imports from March 31, 2023.The SBP has issued a circular in this regard to all financial institutions. To limit imports, the State Bank had imposed a cash margin requirement for luxury and non-essential goods. The ...

Following the refusal of other players, Saudi Arabia’s Al-Rajhi Bank is now the only foreign bank currently confirming letters of credit (LCs) for Pakistani crude oil imports. Foreign banks have been unwilling to confirm letters of credit for crude oil imports for several months due to ...

ISLAMABAD – Germany has expressed reservations on difficulties being faced official importers of Mercedes-Benz, BMW and Audi in Pakistan due to restrictions imposed by the cash-strapped country on imports to tackle depleting foreign exchange reserves. The German Ambassador to Pakistan Alfred ...

link link link. link *ISLAMABAD: Finance Minister Miftah Ismail has hinted at importing vegetables and other edible items from India after recent floods destroyed crops across the country. * Addressing a press conference in Islamabad, Miftah Ismail said that the government can consider ...

*ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Sunday said incumbent government’s efforts to reduce imports have finally borne fruit.* In his tweet, Miftah Ismail said imports in July were recorded at $5 billion as compared to $7.7b in June. He said the coalition government is ...

*ISLAMABAD: The federal government has lifted the ban on the import of luxury and non-essential items after two months. * According to details, the decision was taken during the Economic Coordination Committee’s (ECC) meeting, chaired by Finance Minister Miftah Ismail. The meeting review the ...

link link link link *ISLAMABAD: In order to control the continuous depreciation of the rupee, the federal government on Wednesday decided to impose a complete ban on the import of non-essential and luxury items. * Prime Minister Shehbaz Sharif has imposed a ban on the import ...

Petroleum group imports witnessed an increase of 96.09 percent growth as they reached $14.812 billion in July-March 2021-22, which is the highest ever. Pakistan’s petroleum group imports stood at $7.553 billion during the same period of the last fiscal year, says Pakistan Bureau of Statistics ...

Saudi Arabia has banned meat imports from Pakistan According to Food Security Ministry officials, the ban was imposed on beef due to the Lumpy Skin virus. Officials say the ban was imposed in the public interest, according to Saudi officials.