Tag Archives: import

Ahead of the U.S.-North Korea summit in the Vietnamese city of Hanoi, the North Korean government has released a statement announcing a shortfall of 1.4 million tons of food for 2019. The government citied adverse weather as well as United …

Historically, Pakistan has suffered from adverse balance of payment, because its exports are not enough to finance imports. The policy makers have been fiddling with different policies, from import substitution to export-led growth, but all in vain. The policy makers …

For the past 50 years, Pakistan’s export sector is confronted with some structural issues, like lack of value-addition and dependence on few sectors and products (we’re virtually a three-product exporting country), which will take some time to address, at least …

Interview with Engineer Daroo Khan Achakzai — President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) PAGE: What are your views about the current state of the economy of Pakistan? Engineer Daroo Khan Achakzai: The economy appears to be …

The Ministry of Finance statistics showed that Pakistan’s imports are mostly concentrated in a few markets. The country’s imports from states like China, Saudi Arabia, UAE, and Indonesia constitutes greater than 50 percent of the total imports. During fiscal year …

Transportation plays a very important role in the development of a society as the demand for transportation increases along with development. It is one of the major industrial sectors of an economy. Over the years, Pakistan has achieved reasonable economic …

The Government of Pakistan (GoP) has notified an immediate ban on import of furnace oil (FO) and ordered all the refineries to utilize billions of rupees in annual deemed duty collected on petroleum products to upgrade their refining facilities. The …

The year 2018 was no different for Pakistan since there was surge in the oil import bill despite the lower international prices. On the one hand, increase in the use of oil indicates economic activities, however, on the contrary, it …

Byco Petroleum Pakistan Limited a leading oil refining company in Pakistan has raised its share in the country’s gasoline supply by sevenfold. It is said that the share of Byco Petroleum has risen from 1 to 7 percent in Pakistan …

China’s ban on foreign waste created ripple effects in global recycling markets in 2018. US and UK markets were unable to meet domestic recycling demands, and Southeast Asian countries were overwhelmed with sharp increases in waste imports diverted from China. But how does …