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In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
Pakistan is a net food exporter, except in occasional years when its harvest is adversely affected by droughts. Pakistan exports rice, cotton, fish, fruits (especially Oranges and Mangoes), and vegetables and imports vegetable oil, wheat, pulses, and consumer foods. [73]
The Pakistan wheat import scandal refers to a controversy that emerged in 2024, involving the importation of a significant amount of wheat by the caretaker government, despite the country having surplus wheat stocks. This decision allegedly caused a loss of more than 300 billion rupees to the national exchequer.
Pakistan's five-year plans opted for a development strategy based on industrialization, but the major share of the development budget went to West Pakistan, that is, contemporary Pakistan. [34] A lack of natural resources meant that East Pakistan was heavily dependent on imports, creating a balance of payments problem. [34]
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.
Pakistan and South Sudan maintain an economic, import-export relationship. [295] The countries share a cordial relationship as Muslim-majority countries. [ 295 ] Pakistan recognised South Sudan after South Sudan was added as a candidate in the United Nations General Assembly.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
The price of cement increased by 50% and Pakistan government banned export of cement to lower the prices and the reconstruction costs. Dubai Ports World , announced on 1 June 2006 that it will spend $10 billion to develop transport infrastructure and real estate in Pakistan . [ 16 ]