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Pakistan Increases Exports 14% With SIFC Assistance: Declines in High-Duty Imports Despite Upward Export Trends

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Pakistan’s exports have increased dramatically since the beginning of the current fiscal year thanks to the Special Investment Facilitation Council. The Pakistan Bureau of Statistics reports that during the same period previous year, exports increased by 14%.

There was a 620 million dollar increase in exports to 5.1 billion dollars in August 2024. At the beginning of the fiscal year 2024–25, Pakistan’s trade deficit decreased by 4.2%, from 3.751 billion dollars to 3.6 billion dollars, thanks in part to this growth.

Nonetheless, there was a 1.3% annual decline in the importation of high-duty products like cars, appliances, and necessities like clothing and shoes.

As a result, the Government is taking steps to stabilize the economy and boost exports with support from SIFC.
To boost exports and promote economic expansion, a trade liberalization strategy has been finalized.

It is anticipated that by encouraging export expansion, reviving the industrial sector, and offering manufacturers financial incentives, these initiatives will increase economic stability.

Pakistan’s external debt has decreased recently thanks in part to the actions of the government.

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24 Witnesses’ List and Supplementary Challan Are Filed By The FIA in the Toshakhana 2 Case

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According to the Federal Investigation Agency, which has two references from Toshana Khana in Nab, the agency has solid proof against the founder of the PTI and his wife, Bushra Bibi.

Additionally, the PTI founder and his wife are accused of financial malfeasance and taking advantage of their position, according per the supplemental challan issued by the FIA at Toshakhana 2.

The founder of PTI abused his position to get a Bulgari jewelry set for a very low cost.

FIA has recommended that the trial court record the witness statements in order to forward the case. Along with an additional challenge, the list of 24 witnesses has already been sent in.

Among the witnesses is a former military secretary who served as the PTI founder’s prime minister.

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Future UN Summit: Global Leaders Agree To Take Action For Peace And Development

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A historic statement committing to specific steps towards a safer, more peaceful, sustainable, and inclusive world for future generations, the “pact for the future” has been ratified by world leaders.

In New York, the proclamation about the next generation was unanimously approved.

The five main areas of attention for the accord are: science and technology; youth and future generations; international peace and security; sustainable development; and changing global governance.

The future generations proclamation emphasizes the necessity to safeguard future generations’ well-being and to take their interests into account while making decisions.

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Relations between Pakistan and Sri Lanka: President Zardari congratulates President-elect Anura Kumara on his win

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The newly elected president of Sri Lanka, Kumara Dissanayake, is congratulated by President Asif Ali Zardari on his electoral victory.

According to the President, President Anura Kumara Dasha Naike will lead to an improvement in the two nations’ bilateral ties.

In a number of areas of shared interest, the two nations have been collaborating quite effectively.

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