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    • HOME
    • PAKISTAN
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      Brazilian man faking his death just to know who would attend funeral

      Brazilian man faking his death just to know who would attend funeral

      Iran: One killed in attack on embassy of Azerbaijan

      Iran: One killed in attack on embassy of Azerbaijan

      Virginia teacher shot by a Six-year-old student

      Virginia teacher shot by a Six-year-old student

      US sees Pak, India as equal partners, Ned Price

      No objection to Pakistan importing Russian oil, US

      Asian farm worker arrested in shooting in California killing 11 people

      Asian farm worker arrested in shooting in California killing 11 people

      Israeli civilian shot dead Palestinian man in West Bank

      Israeli civilian shot dead Palestinian man in West Bank

      Ukraine urges West to speed up supply of weapons

      Ukraine urges West to speed up supply of weapons

      Nepal mourns on deadliest plane crash

      Nepal mourns on deadliest plane crash

      Results of midterm elections good for democracy, Biden

      Republicans want data of visitors logs of Biden’s home

    • BUSINESS
      NEPRA reduces electricity tariff by Rs10.80 per unit

      NEPRA reduces electricity tariff by Rs10.80 per unit

      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      IMF to land Pakistan tonight for 9th economic review

      Gold prices soar up at all time highest level

      After dollar gold price creates panic as it crosses Rs200,000 per tola

      Recovery rupee continues against US dollar

      Dollar continuously spreads pain, jumping nearly Rs20.10 in a day

      Asian markets fluctuate as traders return from Lunar New Year break

      Asian markets fluctuate as traders return from Lunar New Year break

      Petroleum ministry devises a new policy to bring down fuel prices by Rs20

      OGRA refutes rumors of fuel shortage in country

      Some google apps likely face trouble in Pakistan

      Google announces about 12,000 job cuts globally

      FIA arrests gang impersonating bank representatives

      FIA arrests gang impersonating bank representatives

      Visa appoints new Manager for Pakistan to boost e-commerce industry

      Visa appoints new Manager for Pakistan to boost e-commerce industry

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      Priyanka Chopra reveals her daughter Malti Marie Chopra

      Priyanka Chopra reveals her daughter Malti Marie Chopra

      Pathaan surpasses reigning box office giant Avatar on opening day

      Pathaan surpasses reigning box office giant Avatar on opening day

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Bad Bunny, Lizzo, Brandi Carlile, Blige others to perform at Grammy Awards

      Paris Hilton gives birth to her first child

      Paris Hilton gives birth to her first child

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Daler Mehndi comes under fire for expressing gratitude to Prince Harry

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Showbiz celebrities condemn bullying incident in Lahore’s elite school

      Esha soon making comeback with “Main”

      Esha soon making comeback with “Main”

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

      Meesha Shafi’s Mustache set to premiere at prestigious SXSW

      Sunil Shetty reveals why he quit from Bollywood movies

      Sunil Shetty reveals why he quit from Bollywood movies

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      Gladiators, Zalmi to play friendly at Quetta on Feb 5

      Gladiators, Zalmi to play friendly at Quetta on Feb 5

      Babar Azam wins Sir Garfield Sobers Trophy for Best Cricketer

      Babar Azam wins Sir Garfield Sobers Trophy for Best Cricketer

      Australian Open: Sania, Bopanna reach in Mixed Doubles final

      Australian Open: Sania, Bopanna reach in Mixed Doubles final

      ICC nominates Babar Azam for ODI player of the year award

      ICC nominates Babar Azam captain of ICC ODI Team of the year

      ICC includes Rizwan, Haris in T20 team of the year

      ICC includes Rizwan, Haris in T20 team of the year

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      PCB announces schedule of PSL 8th edition

      Brazilian defender detained on charges of sexual assault

      Brazilian defender detained on charges of sexual assault

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      No need to nullify NAB laws, Supreme Court

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      IK including Bushra Bibi declares his assets including

      Imran Khan spend Rs900 m at Prime Minister Office between 2019 to 2021

      Peru sentences ex-president to 1.5 years in prison

      Peru sentences ex-president to 1.5 years in prison

      ISLAMABAD: Police mobile crushes Mother, Daughter to death

      ISLAMABAD: Police mobile crushes Mother, Daughter to death

      ECP unanimously finds PTI guilty of receiving prohibited foreign funds

      Imran Khan to send Rs10b notice to CEC in Toshkhana reference

      T20 World Cup: New Zealand thrashes hosts Australia in the first match

      T20 WC: Phillips, Boult crush Sri Lanka by 65 runs

      AN EPISODE OF INVINCIBILITY.   

      AN EPISODE OF INVINCIBILITY.   

      Chess, a priceless gift by Sindh to the world

      Chess, a priceless gift by Sindh to the world

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      Voice of Sindh
      Home BUSINESS

      Imports drop by 20.15% in July-November

      Imports drop by 20.15% in July-November

      Web Desk by Web Desk
      in BUSINESS, FINANCE
      Reading Time: 2 mins read
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      The country’s trade deficit in the first five months of ongoing fiscal year 2022-23 fell by 30.14% to $14.4 billion due to a drop in non-essential imports. 

      RecommendedMust Read

      NEPRA reduces electricity tariff by Rs10.80 per unit

      NEPRA reduces electricity tariff by Rs10.80 per unit

      9 hours ago
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      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      IMF to land Pakistan tonight for 9th economic review

      1 day ago
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      Gold prices soar up at all time highest level

      After dollar gold price creates panic as it crosses Rs200,000 per tola

      4 days ago
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      Recovery rupee continues against US dollar

      Dollar continuously spreads pain, jumping nearly Rs20.10 in a day

      5 days ago
      0

      According to the monthly trade bulletin of the Pakistan Bureau of Statistics (PBS), the imports in July-November dropped by 20.15% to $26.34 billion from $32.98 billion in the same period last year.

      However, exports were also reduced by 3.5% in the same period to $11.93 billion against $12.36 billion in the same period last year, the PBS said Thursday.

      Compared to November 2021, Pakistan imported 33.6% fewer goods and sold 18.3% fewer products abroad in November 2022. In November 2022, exports dropped by 18.34% to $2.37 billion from $2.9 billion in the same month in 2021, while imports dropped 33.6% to $5.245 billion from $7.9 billion in November 2021.

      The trade deficit was narrowed by 42.46% to $2.88 billion from $4.99 billion in the same month last year.

      A downward trend has been witnessed in the import bill since the beginning of the current fiscal year as imports fell by 10.4% in July, 7.7% in August, 19.7% in September, 27.2% in October and 33.6% in November over their respective corresponding months of 2021, PBS trade bulletin revealed.

      Comparing monthly trade performance with the previous month (October), goods exports in November 2022 fell 0.63% from $2.38 billion last month, while imports increased 11.34% compared to October’s $4.7 billion.

      Experts predict the export bill might not touch the $29 billion threshold in 2022-23. The average monthly exports in the first five months of the fiscal year are $2.386 billion. The export growth has been affected by local constraints and the slowdown of world economies. Economic policies such as costly bank financing, rupee devaluation, and expensive input costs alongside political instability have played a significant role in the export drop.

      It is pertinent to mention that in the last fiscal 2021-22, the economy accumulated a record-high trade deficit of $48.38 billion, registering over a 31% upsurge over the fiscal year 2020-21.

      Tags: dropimportpakistantrade

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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