National

Pakistan’s exports to China surged by 81.6% in August

Published

3 months ago

September 13, 2023

ISLAMABAD: Within the second month of the fiscal 12 months 2023-24, Pakistan’s exports to China have demonstrated a promising pattern, marking a outstanding surge.

In the course of the month of August, exports to China soared by a formidable 81.6% in comparison with the identical interval within the earlier fiscal 12 months.

In keeping with the newest report of the Commerce Growth Authority of Pakistan (TDAP), in August of the present fiscal 12 months 2023-24, Pakistan’s exports to China reached the determine of $ 211 million.

This represents an 81.6% enhance in comparison with the exports recorded in the identical interval of the earlier fiscal 12 months, which stood at $ 116.2 million in FY 2022-23.

As per the report, in August 2023, Pakistan’s exports to United Kingdom reached $ 190 million, exports to the Netherlands stood at $ 130.7 million,

Afghanistan obtained exports price $ 76.4 million from Pakistan, KSA imported items valued at $ 51.8 million, Vietnam’s imports from Pakistan totaled $ 38.7 million, exports to Poland amounted to $ 37.2 million, Malaysia obtained exports price $ 32.5 million and Turkey imported items price $ 30.1 million from Pakistan.

For the second consecutive month in FY 2023-24, Pakistan’s exports to China keep optimistic development. In July 2023, the nation’s exports to China elevated by 35.1% in comparison with the identical month of the earlier monetary 12 months.

Throughout August 2023, Pakistan’s exports to totally different locations of the world stood at $ 2363 million which is 14.27% lower than the exports of the nation in correspondent month final 12 months.

In the identical month, Pakistan’s imports had been recorded at $4,489 million, leading to a commerce deficit of -$2,126 million.

In August, Pakistan’s prime export merchandise included linen merchandise valued at $364.6 million, adopted by cotton yarn at $103.7 million and copper merchandise at $57.5 million.

National

Govt workers to get electrical bikes

Published

1 hour ago

November 30, 2023

Pakistaneo.com

LAHORE: Caretaker Provincial Transport and Livestock Minister Ibrahim Hasan Murad stated that the federal government was all set to launch electrical bikes to forestall smog depth.

He stated that the E-bikes could be cost-effective and authorities workers would even be offered electrical bikes on lease.

Speaking to state-run information channel, the minister stated: “In goal to cut back the utilization of high-priced gasoline and defend the surroundings of the cities, authorities has determined to introducing electrical bikes and protected metropolis digicam initiatives during which smoke-emitting automobiles shall be detected by the cameras and speedy alerts had been relayed to the sector forces.”

The Electrical Automobiles Coverage is the necessity of the hour to advertise a protected surroundings, native manufacturing of e-vehicles, offering incentives, with the final word objective of capturing a considerable share of the market, he added.

E-bikes being zero-emission automobiles would use lithium-ion batteries which can emerge as an economical and eco-friendly various to conventional transportation, he talked about.

The minister confused that the media ought to play its position by creating consciousness campaigns on personal TV channels and radio for the conservation of vitality and for carrying face masks throughout smog climate.

Replying to a query, the administration has began a strict crackdown and introduced to cost heavy fines for violations of the site visitors guidelines.

Punjab authorities was taking steps in accordance with PM’s eco-friendly measures, he stated, including that Punjab could be the primary province within the nation to present such an amazing incentive to homeowners of electrical automobiles.

National

Breakthrough in lacking individuals case as police efficiently find three particular person

Published

2 hours ago

November 30, 2023

Pakistaneo.com

KARACHI: The native police on Wednesday efficiently traced three people together with a girl throughout a listening to of a petition in Sindh Excessive Courtroom (SHC) for restoration of lacking individuals.

In keeping with the report, the police confirmed the hint of three people – named Muhammad Iqbal, Saima Bibi, and Shahnawaz – all three have been wished by police in a number of instances.

The report acknowledged that Muhammad Iqbal is underneath the custody of Zaman City police in a case, whereas the opposite two are fugitives as a case has been registered in opposition to them at Mehmoodabad police station.

The court docket dismissed the case associated to the restoration of the three lacking individuals.

Earlier this week, the police declared the arrest of a lacking individual throughout the Sindh Excessive Courtroom (SHC) listening to of petitions for the restoration of 10 disappeared males.

The police confirmed the arrest of a lacking citizen Saddam in its progress within the case. The court docket dismissed the petition about restoration of Saddam.

Justice Naimatullah Phulpoto directed motion in opposition to the folks concerned in enforced disappearances. “It’s the accountability of the state to go looking a lacking citizen,” Justice Phulpoto stated.

“It was stated {that a} lacking man Usman has been in Landhi Jail, a letter was written to the jail authorities, however they replied that the person was not in jail,” the investigation officer knowledgeable the court docket.

“Document the jail superintendent’s assertion, and if required take motion in opposition to the jail official,” the court docket directed the IO.

National

Pakistan implements ban on wheat imports from India and Israel

Published

3 hours ago

November 30, 2023

Pakistaneo.com

ISLAMABAD: Pakistan has imposed a ban on the import of Indian and Israeli wheat, whereas the commodity can even not be imported from Cuba, Iran, Syria, North Korea, and the Ukrainian territories managed by Russia.

Pakistan has imposed a situation on international buying and selling firms to not provide wheat from India and Israel. Wheat provide has additionally been banned from nations going through worldwide sanctions, together with Cuba, Iran, North Korea and Syria.

In response to a doc, wheat can even not be bought from the Ukrainian areas beneath the management of Russia in addition to Crimea.

In the meantime, the moisture content material of wheat in a young for the acquisition of 110,000 metric tons of the commodity has been set at 14.5%, whereas the presence of different objects, together with soil, is not going to exceed 1%.

Wheat is scheduled to begin arriving in Gwadar or on the Karachi port on two ships by February 12.

The Buying and selling Company of Pakistan (TCP) not too long ago issued a world tender to acquire and import 110,000 metric tons of wheat, in response to European merchants.

The deadline for submitting value presents on this tender is December 27. As a situation, the wheat must be from the most recent crop.

Cargo is requested for 2024, in consignments of not less than 50,000 tons throughout two intervals between January 10-15 and January 17-22. The wheat should arrive in Pakistan by February 12, 2024.

The TCP has the choice to purchase 10% kind of than the tender quantity. Merchants recommend that Pakistan, going through monetary difficulties, has a major import requirement to handle rising flour costs.