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In the fiscal year 2023-2024, Pakistan’s exports of vegetables and fruits amounted to a total value of $773.23 million.

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In the financial year ending on June 30, 2024, Pakistan’s vegetable exports amounted to 1.126 million metric tons, with a total value of $430.055 million. This represents a decrease compared to the previous year, where exports reached 1.336 million metric tons valued at $300 million.

According to the Pakistan Bureau of Statistics, vegetable exports from the country increased by 43.20% during the period from July to June 2024, compared to the same period in the previous year.

During the recent financial year, the exports of fresh fruits increased by 21.31%, with over 935,631 metric tons worth $343.532 million being exported. This is compared to the exports of 627,133 metric tons valued at 283.188 million in the same time of the previous year.

Pakistan experienced a rise in exports during the fiscal year 2023-2024.

In the fiscal year ending on June 30, 2024, the total exports of food groups increased by 46.77 percent. Food commodities worth $7.369 billion were shipped, compared to $5.021 billion in the year 2022-23.

Conversely, food products worth 7.903 billion were imported in the fiscal year 2023–24, compared to imports worth $8.936 billion in the corresponding period of the fiscal year 2022–23.In the financial year ending on June 30, 2024, Pakistan’s vegetable exports amounted to 1.126 million metric tons, with a total value of $430.055 million. This represents a decrease compared to the previous year, where exports reached 1.336 million metric tons valued at $300 million.

According to the Pakistan Bureau of Statistics, vegetable exports from the country increased by 43.20% during the period from July to June 2024, compared to the same period in the previous year.

During the recent financial year, the exports of fresh fruits increased by 21.31%, with over 935,631 metric tons worth $343.532 million being exported. This is compared to the exports of 627,133 metric tons valued at 283.188 million in the same time of the previous year.

Pakistan experienced a rise in exports during the fiscal year 2023-2024.

In the fiscal year ending on June 30, 2024, the total exports of food groups increased by 46.77 percent. Food commodities worth $7.369 billion were shipped, compared to $5.021 billion in the year 2022-23.

Conversely, food products worth 7.903 billion were imported in the fiscal year 2023–24, compared to imports worth $8.936 billion in the corresponding period of the fiscal year 2022–23.

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Business

With a loss of 32 paisas, the US dollar is now trading at 277 rupees on the interbank market.

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In the Interbank market, the United States dollar is currently trading at 277 rupees and 63 paise, indicating a depreciation of 32 paise. Yesterday, it reached a closing price of 277 rupees and 95 paise on the Interbank market.

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The price of gold has skyrocketed in Pakistan.

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Pakistan’s gold price recovered on Friday following a sharp drop the day before, mirroring worldwide market patterns.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola rose by Rs2,000 in the local market, ending at Rs278,800.

Likewise, the cost of 10 grams of 24-karat gold increased by Rs1,715 to Rs239,026.

With an extra $20 premium, the price of gold increased by $21 on Friday to $2,683 per ounce on the global market as well.

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The PSX-100 index reaches a record high and surpasses 93,000 points.

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Historically, the Pakistan Stock Exchange (PSX) exceeded the 93,000-point threshold for the first time, with the KSE-100 index increasing by 480 points to attain a record high of 93,001 points.

A significant milestone was reached on the final business day of the week, establishing a new record for the nation’s stock market.

Economists ascribe the market’s expansion to expectations of an enhanced economic rating for Pakistan and a favorable perspective on economic reforms. The session commenced positively, with the 100 index initially increasing by 250 points, reaching 92,770 points prior to the day’s zenith. The market concluded the prior day at 92,520 points.

Simultaneously, the Pakistani rupee appreciated as the dollar decreased by 20 paisa in the interbank market, now valued at 277.75 rupees. Economists attribute this enhancement to heightened remittances and a current account surplus, which have strengthened the rupee’s status.

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