ISLAMABAD, Nov 04 (INP-WealthPK): Pakistan’s goods and services trade with the United States witnessed a surplus of 23.31% during the first quarter of the current fiscal year (2022-23) compared to the corresponding period of last year.
Trade surplus during the period under review was recorded at $1.079 billion against $875.469 million last year, showing 23.31% growth, data from the State Bank of Pakistan (SBP) shows. Overall exports to the US were recorded at $1.657 billion during July-September 2022 against the exports of $1.565 billion during the same quarter of 2021, showing an increase of 5.87%.
On year-on-year (YoY) basis, exports to the US during September decreased by 3.49% from $553.839 million to $534.477 million. Similarly, month-on-month (MoM) exports to the US also dipped by 14.23% during September 2022 as compared to exports of $623.196 million in August 2022, the SBP data shows.
Overall, Pakistan’s exports to all countries witnessed an increase of 5.45% in three months, from $7.201 billion to $7.594 billion.
On the other hand, imports from the US during the quarter under review were recorded at $577.770 million against $689.762 million last year, showing a decrease of 16.23% in July-September (2022-23).
According to the SBP data, YoY imports from the US during September 2022 also dipped by 21.40% from $258.135 million last year to $202.886 million. On MoM basis, imports from the US decreased by 3% during September 2022 compared to the imports of $209.178 million in August 2022.
Overall imports decreased by 7.91%, from $17.394 billion to $16.018 billion during the period under review.
-
Military cooperation ‘important pillar’ of Sino, Pakistan ties: Chinese defence minister tells Gen Bajwa
RAWALPINDI: Chinese Defence Minister General Wei Fenghe on Monday told the visiting Chief … -
Nation won’t forget ‘traitors’ who imposed ‘imported govt’ on us: Imran Khan
Former prime minister and PTI Chairman Imran Khan has said that the nation will not forget… -
One Homes brings Mandarin Oriental Designers to feature in Capital’s leading resort
ISLAMABAD: Leading global luxury lifestyle developer, ONE Homes, have appointed world reno… -
US approves F-16 equipment sale to Pakistan
— Proposed deal to support US foreign policy, national security objectives, says Def… -
IHC decides to indict Imran Khan in contempt case on September 22
ISLAMABAD: The Islamabad High Court (IHC) on Thursday decided to indict former prime minis… -
Chinese, Pakistani journalists vow to counter negative propaganda by western media
ISLAMABAD: Media experts and journalists from China and Pakistan have vowed to carry … -
20th CPC National Congress likely to be held on Oct 16
BEIJING: The Political Bureau of the Communist Party of China (CPC) Central Committee on T… -
US lies on Xinjiang will ‘bankrupt its own credibility’: China
BEIJING: China on Monday refuted a report released by the U.S. State Department’s Gl… -
ONE Homes partners with UAE’s Ayana Holding for $40-million Islamabad Resort development
Pakistan’s first Resort-Living development tailor-made development is dedicated for overse… -
Pakistani IT parks provide best opportunities for investment in Artificial Intelligence business
ISLAMABAD: Pakistan’s Honorary Ambassador-at-Large on Investment Zeeshaan Shah visited Sil… -
American-Pakistani investors urged to shift their investments to Pakistan for big returns
ISLAMABAD: Ambassador-at-Large on Investment Zeeshaan Shah has urged the American-Pakista… -
Inquiry panel set to probe outgoing NAB chief
ISLAMABAD: Days after a victim lifted the lid on the National Accountability Bureau (NAB) … -
Flash floods wreak havoc in Kohistan
— 50 Houses swept away by flash floods in Kandia Tehsil KOHISTAN: Flash floods trigg… -
Twin cities to have first-ever resort-living development
— International developer to launch tailor-made development for overseas Pakis… -
‘Desperate’ Shehbaz asks CEC to punish Imran in funding case
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday urged the Election Commission of Pakis… -
Rupee hits all-time low of Rs222 against US dollar
ISLAMABAD: The Pakistani rupee hit an all-time low on Tuesday against the US dollar, reach… -
SC argues why PTI didn’t object to NAB law amendments in parliament
The Supreme Court on Tuesday, while issuing notices to the federation, law secretary, atto… -
PM’s new aide vows to boost foreign investment in Pakistan
ISLAMABAD: Prime Minister Shehbaz Sharif has appointed eminent entrepreneur Zeeshaan Shah … -
China’s exports surge to double-digit pace in May, beat forecast
China’s exports rebounded and grew at a double-digit pace in May, shattering expecta… -
US wants to seize Russian billionaire’s planes
WASHINGTON: A US court has issued warrants for the seizure of two luxury planes owned by R… -
US uses travel firms as spying tools
NEW JERSEY: Forbes magazine disclosed that using a 233-year-old law, the US government ord… -
Japan’s plan to release toxic water into sea irresponsible
The Fukushima Daiichi nuclear power plant, as seen in March, has been a focal point for co… -
Nuke contaminated water from Fukushima may be out of sight but never be out of one’s mind
By Zhou Dingxing In 2011, the “3/11” earthquake in Japan caused the meltdown of the Fukush… -
Imran Khan to announce new date of Long March soon
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Wedne… -
Across China: Belt and Road in the eyes of a Pakistan professor
NANJING: Before coming to China, Shabir Mohsin Hashmi knew little about the country. … -
Work on CPEC projects ‘being revived with full speed’, Senate told
ISLAMABAD: Minister for Board of Investment and Special Initiatives Chaudhry Salik Hu… -
China’s BeiDou system achieves in-depth integration with various industries
The BeiDou Navigation Satellite System (BDS), a global navigation system independently dev… -
Xi for deepening BRICS coop to make stronger force for progress
Chinese President Xi Jinping profoundly expounded on security and development issues, and … -
SC bars govt from transferring prosecution officers in high-profile cases
Seeks record from FIA, NAB over transfers made during the past six weeks … -
Huawei’s open source operating system joined by more innovative developers
Operating system used to remain a challenge for many industries. For instance, financial i… -
China’s new urban infrastructure construction impacts governance, people’s lives
The urban lifeline operation monitoring system employed in Hefei, east China’s Anhui provi… -
Perpetrators behind KU terrorist attack won’t be forgiven: says Bilawal
ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari Saturday said that the whole Pakistani … -
PM Shehbaz, Hamza escape indictment in money laundering case, again
LAHORE: A Special Central Court in Lahore was unable to indict Prime Minister Shehbaz Shar… -
Police disrupts PTI rally in Sialkot, arrests Usman Dar
--Imran Khan vows to go ahead with Sialkot Jalsa despite Police vandalism … -
China’s top legislature adopts development plan, closes annual session
China’s top legislature adopts development plan, closes annual session Chinese lawma… -
Chinese premier explains policies amid economic pressure, Ukraine crisis
By Sadia Khan Chinese Premier Li Keqiang on Friday briefed reporters on China’s policies t… -
Traditional Chinese medicine helps Gu make China proud
China’s Gu Ailing claimed a historic gold in the women’s freeski big air at the Beijing 20… -
Beijing Olympics: The Ice Ribbon proves it indeed ‘fastest ice’
On Feb. 7, Dutch speed skater Ireen Wust won gold in the women’s 1,500m held at the Nation… -
Suspicion, criticism of CPEC, Gwadar Port by western world ‘makes no sense’: PM Imran Khan
Modi govt believes India belongs to Hindus, who continue to marginalise other minorities … -
The Centennial Journey of Communist Party of China: Great achievements, historical experience
Leaders of China, Pakistan will meet next month in Beijing face to face to set course of f… -
Xi calls for building open world economy to create better post-pandemic world
The World Economic Forum’s (WEF) Global Risks Report warned that economic stagnation is th… -
China’s top legislature adopts anti-organized crime law
The Standing Committee of the 13th National People’s Congress (NPC) concluded its 32… -
Lahore goes global as London’s 150 Iconic Red Buses showcase city’s rich heritage
ISLAMABAD – Lahore city has been projected globally as Pakistan’s private real estate comp… -
Miami’s top architect Kobi Karp enters Pakistani market
ISLAMABAD: Miami’s leading architect Kobi Karp the name behind some of Miami’s most iconic… -
At UNGA, Xi unveils China’s Global Development Initiative
Chinese President Xi Jinping has proposed a Global Development Initiative in steering glob… -
COVID-19 highly likely circulated in U.S. in Sept. 2019: says study
CGTN A study published on the pre-print platform ChinaXiv, a Chinese open repository for s… -
Pakistan, China all set to sign 14 new MoUs on sidelines of second BRF
FTA-II, ML-I major projects to be signed in Beijing on April 28 … -
Premier Khan terms CPEC a ‘blessing for Pakistan’
Pakistan seeks industry, technology transfer under BRI, says PM Khan … -
PM Khan proposes joint BRI tourism corridor, anticorruption regime, poverty alleviation fund
Prime Minister Khan floats five-point agenda for joint cooperation among B&R countries … -
China asks world to view Pakistan’s counterterrorism efforts in ‘objective, fair manner’
Foreign Minister Qureshi meets counterpart Wang Yi ahead of Second BRF … -
Experts urge structural reforms for benefitting from CPEC’s next phase
Mushahid says CPEC resolved energy crisis, revived Gawadar & Thar projects, employed 7… -
CPEC to transform fate of people of Balochistan: says Governor Yasinzai
QUETTA: Balochistan Governor Amanullah Yasinzai has said that the development of Gwadar Ci… -
CGTN honours four journalists for inking best BRI stories
My Story awards claimed by Russian, Malaysian & British journalists … -
FTA: China to provide duty-free market share to Pakistan as enjoyed by ASEAN nations
China has extended duty-free package for export of rice, sugar, and 350,000 tons of cotton… -
Xi seeks media’s constructive role in ‘weaving network of BRI partners’
Belt and Road News Network kicks off … -
Public diplomacy to be expanded under next stage of CPEC; says Dr Li Yi
PM Khan's China visit to add new feather in China, Pakistan bond … -
Is China’s “Belt and Road” debt good or bad: That’s the wrong question
When I was growing up, my parents warned me about two things: Boys, and Debt. I grew… -
China ready to give 90% market access to Pakistani exports under 2nd phase of FTA
In return, China is only seeking 60% of Pakistani market; says Amb Yao Jing ISLAMABAD – Ch… -
Students shine at first-ever Chinese speech contest in Pakistan
Musfirah Abrar, Iza Adeel secure top positions … -
China aims at boosting Sino-Pakistan bilateral trade from $12 bn to $20 bn
Strategic partners China, Russia would further cement their respective strategic ties wit… -
33 Months in Brilliant Karachi
By Li Xiaomeng – A tale of a young Chinese Diplomat The article was originally publi… -
PM Khan’s Beijing visit to take China, Pakistan relations into ‘New Era” : says Amb Yao Jing
ISLAMABAD – Chinese envoy Yao Jing on Wednesday said the upcoming visit of Prime Min… -
China to ‘firmly oppose’ US resolution seeking JeM chief listing as global terrorist
China urges UNSC members not to bypass resolution, follow set procedures … -
BRI – the engine of global economic growth
"BRI cooperation is not a talk shop, but an action-oriented initiative that delivers real … -
Wang meets Mandviwala ahead of PM Khan’s visit to Beijing
Both leaders call for strengthened cooperation and closer China-Pakistan community of shar… -
-
CPEC to help revolutionise Pakistan Railways; says Minister
ML-I to likely be signed during PM Khan's Beijing visit … -
Govt to add more infrastructure projects to CPEC framework; says Communications Minister
Statement comes amid claims that no future infrastructure projects would be added to CPEC … -
2019 China international e-commerce expo attracts unprecedented participants
Three-Day expo concludes showcasing world’s tech giants YIWU, China: The 2019 China… -
China to back Pakistan govt crackdown on ‘illegal Chinese matchmaking centers’; says embassy spokesman
"Reports about sales of organs are misleading and groundless" … -
Khusro partially admits “diverting Rs 24 billion from CPEC”, other heads
ISLAMABAD – Minister for Planning & Development Makhdum Khusro Bakhtiyar Friday partia… -
Taliban announce spring offensive amid Afghan peace push
Afghan Ministry of Defence says the Taliban's spring offensive is “mere propaganda” … -
Over 80 percent of CPEC projects are FDI or Chinese grants for Pakistan; says China
China Supports Multilateralism at UNSC … -
Article 35A: Facts speak louder than lies do
If Article 35A goes, State Subject laws will also go in J&K Former State Finance Minis… -
Pakistan accuses India for orchestrating ‘another false flag operation’ in IoK
India wants to use attack on Pakistan to help Modi win elections; says Foreign Minister … -
Five days in ‘Paradise Hainan’
Beaches equipped with state-of-the-art facilities add to the attraction of Hainan called '… -
Pakistan, China economic cooperation enters industrial cooperation phase
Economic Cooperation under CPEC enters B2B Phase … -
Trade War: Xi hopeful as China, US make ‘substantial progress’ on text of deal
WASHINGTON – Chinese President Xi Jinping said in a message delivered to his U.S. counterp… -
PM Khan for regulating tourism to protect Pakistan’s ‘untouched’ areas
Khan wants innovative tourism policy in wake of Reform & Opening Up of Pakistan launched … -
China castigates US resolution on Masood Azhar in UNSC, calls it a ‘bad precedence’
US yet to decide on attending Belt, Road Forum … -
China, Russia jointly developing 40-ton class heavy helicopter
Chopper likely to be delivered by Year 2032 … -
China urges Asia to embrace Omni Media era, employ modern technology
BOAO Forum for Asia to publicize the voice of Asia; says Ms Zhong Hui … -
-
Gwadar, Puyang declared sister-cities
China, Pakistan to observe 2019 as year of friendship between sister-cities Beijing –… -
Amid mounting pressures on global economy, China urges world to find ways to sustainable development
Boao Forum for Asia opens in Hainan … -
India shoots down own satellite, declares itself ‘space superpower’
Indian Opposition makes fun of Modi’s claim … -
Xi outlines four-pronged governance strategy to shape shared future of mankind
Chinese President Xi Jinping has urged countries around the world to make concerted effort… -
Xi Jinping’s overseas visits in 2019 boost China’s ties with Europe
In six days, the Chinese president attended over 40 events during his visit to five cities… -
In a first, Baloch, Pashtun Nationalists vow to support CPEC projects
Balochistan, KP nationalists vow to stand by Beijing Declaration NP leader urges adjustmen… -
-
China to support Pakistan in case of any misadventure: Qureshi
Pakistan has successfully completed first phase of CPEC with confidence and is all set to … -
China-Pakistan FMs hold strategic dialogue, undertake in-depth discussions of bilateral relations
The two foreign ministers reaffirm their time-tested and all-weather strategic cooperative… -
First China-Pakistan FM-level strategic dialogue on Tuesday
At strategic dialogue, Pakistan and China will exchange views on China-Pakistan relations … -
China to take a long term view to keep its economic growth stable
Li said the downward adjustment of the GDP growth target was made against the backdrop of … -
China’s two sessions secure pivotal underpinning for all-round well-off society
China has to achieve Xiaokang by year 2020 with extreme poverty eradication as top target … -
-
China charges US for ‘flawed HR record, worsening racial discrimination, growing threats against children, women & immigrants’
China issues report on U.S. human rights situation … -
China inks 171 cooperation deeds with 123 countries, organizations under BRI
China inks 171 cooperation deeds with 123 countries, organizations under BRI … -
Pakistan nails down India on diplomatic front too, says Ambassador Masood Khalid
Says India fails to come up with any evidence of Pakistani hand in Pulwama Attack … -
PM Imran Khan set to visit China next month to attend 2nd Belt & Road Forum
Prime Minister Imran Khan to visit China next month to attend second Belt and Road Forum i… -
CIIE showcases China’s commitment to further opening up: Says Consul General Pakistan
SHANGHAI, Nov 5 (INP): “The China International Import Expo (CIIE) is not just an ex… -
Pakistan’s PV boom gains long-lasting momentum amid multiple factors
ISLAMABAD, Nov. 5 (INP): Pakistan is undergoing a booming energy shift resulting in solar … -
Pakistan’s Textile Park under CPEC to help enhancing textile exports
ISLAMABAD, Oct. 30 (INP): Pakistan’s textile exports surged to a 26-month high of USD 1.64…
Load More Related Articles
-
Digital Silk Road to stimulate Pak-China e-commerce collaboration: Lin Jianming
BEIJING, Sep 7 (INP): Digital Silk Road will help to stimulate Pak-China e-commerce collab… -
Xinjiang to deepen medical cooperation with Pakistan
ISLAMABAD, Sep 2 (INP): China Xinjiang’s region will deepen cooperation with Pakista… -
Pakistani delegation visits Xinjiang to strengthen Sino-Pak ties
Islamabad, Sep 1 (INP): A six-member high-level Pakistani delegation recently visited Chin…
Load More By aliarif
-
Boron extraction needed to meet industrial needs
ISLAMABAD, June 07 (INP) — Indigenous extraction of boron and its value-addition can… -
Fast-tracking 5Es Framework must for sustainable growth: experts
ISLAMABAD, June 07 (INP) — The 5Es Framework offers a roadmap for a prosperou… -
Unchecked borrowing, accountability gaps cause SOEs’ downfall: experts
ISLAMABAD, June 07 (INP) – Pakistan is facing the twin challenge of debt repayment and ins…
Load More In Business
Click To Comment
Check Also
Digital Silk Road to stimulate Pak-China e-commerce collaboration: Lin Jianming
BEIJING, Sep 7 (INP): Digital Silk Road will help to stimulate Pak-China e-commerce collab…