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Imports include petroleum and petroleum products, chemicals, fertilizer, capital goods, industrial raw materials, and consumer products. [ 1 ] On 12 December 2013, the European Union granted GSP Plus status to Pakistan [ 2 ] until 2017, which enabled it to export 20% of its good with 0 tariff and 70 percent at preferential rates to the EU market.
In 1959, after a military coup d'état in 1958, the martial law regime introduced export bonus vouchers as import licenses and exempted certain goods from licensing. During this period, Pakistan faced a worsening trade balance, with deficits increasing from −831 million Rupees in 1950/51 to −1043 million Rupees in 1959/60.
Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
The export market for sports goods is fairly diversified. More and more countries are being added to the list of their imports. In 1990-91 there were in all 50 countries importing these good from Pakistan. Thereafter, the list has continuously expanded so that during the 1992-98 period, Pakistan exported sports goods to 90 countries.
Domestic petroleum production totals only about half the country's oil needs, and the need to import oil has contributed to Pakistan's trade deficits and past shortages of foreign exchange. The current government has announced that privatization in the oil and gas sector is a priority, as is the substitution of indigenous gas for imported oil ...
This is a list of countries by net goods exports, also known as balance of trade, which is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1 .
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 January 2025. For a list of countries by merchandise exports also showing merchandise imports and the resulting trade balance, see List of countries by net goods exports. The following article lists different countries and territories by their merchandise exports according to data from the World Bank ...
The low-cost, second-hand clothing arriving in Pakistan attracts merchants from countries like Afghanistan, India, and Turkey who purchase these items at a slightly increased price. [2] As a result, Pakistan imports these affordable garments, selects the highest quality products in optimal condition, and exports them in an unusual instance of ...