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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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Minister of Finance Reaffirms Unwavering Support for APM Terminals Group in Effort to Strengthen Bilateral Cooperation

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Senator Muhammad Aurangzeb, Pakistan’s Minister of Finance, has promised the APM Terminals Group his full support in creating an environment that is both business-friendly and conducive to investment.

In Islamabad, he met with a group of APM terminals who had come to hear him speak. Keith Svendsen, CEO of APM Terminals, was in charge of the group.

Muhammad Aurangzeb, a senator from Pakistan, expressed his approval of APM Terminals’ investment plans.

Following last month’s signing of a memorandum of agreement to strengthen bilateral cooperation, the meeting’s emphasis was on the actions taken to date.

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Pakistan’s gold prices are declining.

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Ten grams of 24 carat gold also had a price decrease of Rs. 1,115, from Rs. 239,026 to Rs. 237,911, while ten kilos of 22 carat gold saw a rise in price from Rs. 219,107 to Rs. 218.085.

The cost of ten grams of silver and one tola of silver stayed at Rs. 2,829.21 and Rs. 3,300, respectively.

As stated by the Association, the price of gold fell $13 to $2,670 on the global market.

On Monday, November 11, 24-karat gold prices fell to 3,771 Saudi Riyals (SAR) per tola in Saudi Arabia.

The price of 24-kar gold is SAR 10,067 per ounce, while 10 grams of the metal are being sold for SAR 3,237 in the kingdom, according to forex.pk.

Note: Since the prices were updated at 10:15 am on November 11, 2024, there may be some discrepancies in this post due to the dynamic nature of the gold market globally, especially in Saudi Arabia.

As the markets anticipate the Federal Reserve to take a cautious stance under U.S. President-elect Donald Trump’s administration, gold prices fell for a second session on Monday due to a stronger dollar and heightened risk appetite.

As of 09:27 GMT, spot gold was down 0.6% to $2,666.48 an ounce. The price of US gold futures dropped 0.8% to $2,673.20.

“A stronger U.S. dollar, rising Treasury yields, and increased risk appetite in financial markets are the main reasons why gold prices have declined — a trend that has gained momentum since Donald Trump’s victory in last week’s presidential election,” said Ricardo Evangelista, senior analyst at ActivTrades.

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Prices for cooking oil and ghee have increased in Pakistan.

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Details show that although the price of ghee increased to Rs 550, the price of cooking oil increased by Rs 30 to Rs 560.

The market vendors said that the cost of Karachi-branded ghee had increased by an astounding Rs 120 over the past month, to Rs 500.

The Sensitive Price Indicator (SPI), which measures weekly inflation, increased by 0.28 percent for all consumer categories during the week ending October 17, according to a report released by the Pakistan Bureau of Statistics (PBS) on October 18.

In the aforementioned group, the SPI for the week under review was 319.79 points, compared to 318.91 points the previous week, according to the PBS statistics.

In the week under examination, the SPI for the combined consumption group increased by 15.02 percent compared to the same week last year.

51 important goods for all expenditure groups and 17 urban centers are covered by the weekly SPI with base year 2015–16 = 100.

Additionally, the SPI for the lowest consumption category, which is up to Rs 17,732, increased by 0.27 percent from 312.91 points last week to 313.74 points.

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