16 drug peddlers held
Pakistan’s regional exports increase 20.57% in 8 months
ISLAMABAD, Apr 15 (APP): Pakistan’s exports to the seven regional countries witnessed an increase of 20.57 per cent in the first eight months of the financial year (2023-24) as compared to the corresponding months of last year.
The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a small amount of $2,912.102 million, which is 14.17 per cent of Pakistan’s overall exports of $20,537.900 million during July-February (2023-24), State Bank of Pakistan (SBP) reported.
China tops the list of countries in terms of Pakistan’s exports to its neighbouring, leaving behind other countries such as Bangladesh and Afghanistan. Pakistan carried out its border trade with the farther neighbour Sri Lanka, India, Nepal, and Maldives.
Pakistan’s exports to China witnessed an increase of 42.02 per cent to $1,895.720 million in eight months of this year from $1,334.804 million last year while exports to Afghanistan witnessed a nominal decline of 7.68 percent from $346.522 million to $319.887 million.
The country’s exports to Bangladesh also decreased by 19.63 percent to $421.939 million this year from $525.017 whereas exports to Sri Lanka rose by 32.31 percent to $266.164 million from $201.165. The exports to India increased to $0.230 million from $0.161 million in the previous year.
Exports to Nepal increased by 5.66 per cent to $2.164 million from 2.048 million while to Maldives increased by 8.11 per cent to $5.548 million from 5.998 million, it added.
On the other hand, the imports from seven regional countries were recorded at $8,289.088 million during the period under review as compared to $7,293.738 million during last year, showing an increase of 13.64 per cent.
The imports from China during July-February 2023-24 were recorded at $8,105.831 million against the $7,065.406 million during July-February 2022-23, showing an increase of 7.66 per cent during the period.
Among other countries, imports from India are worth $138.713 million against the imports of $125.569 million, an increase of 10.46 per cent while imports from Afghanistan decreased by 59.82 percent from $13.540 million to $5.440 million.
Meanwhile, imports from Sri Lanka increased to $38.733 million from $35.345 million whereas Pakistan imports from Bangladesh recorded $ 38.770 million from $53.260 million during last year. The imports from Nepal into the country witnessed a decrease of 68.85 per cent from $0.610 million to $0.190 million, it added.
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Kerb currency market
KARACHI, Apr 15 (APP): Following were the Opening Rates of foreign currencies in kerb market issued by the Exchange companies Association of Pakistan, here on Monday.
F.C. BUYING SELLING
INTER BANK 277.90 278.00
USD 277.50 280.25
EURO 294.55 297.50
GBP 344.25 347.65
JPY 1.78 1.80
AED75.40 76.15
SAR73.30 74.03
CAD 200.00 203.00
AUD 177.80 180.80
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Govt disburses Rs 66,037 mln for various water sector schemes so far
ISLAMABAD, Apr 15 (APP): The government has released an amount of Rs 66,037 million for various water resources schemes so far under the annual Public Sector Development Programme (PSDP) of the current fiscal year 2023–24.
According to the official data issued by the Planning Commission, the government had specified a sum of Rs 110,500 million for various projects in PSDP 2023–24. Out of the total release amount, the local component stood at Rs 90,367.54 million, while the foreign aid component was Rs 20,132.46 billion. A sum of Rs 30,454.74 million has been spent on various water-related projects so far.
For ongoing schemes, an amount of Rs 20,000 million has been allocated for Damer Basha Dam Project (dam part), Rs 15,500 million for K-4 Greater Water Supply Scheme (Karachi), Rs 10,500 million for the Mohmand dam, Rs 5,000 million for Diamer Basha Dam Project (Land Acquisition and Resettlement), Rs 3,273.834 million for construction of Basool Dam, Rs 1000 million for construction of 100 delay action dams in Balochistan, Rs 3000 million for construction of Awaran dam, Rs 1500 million for construction of Gish Kaur Storage Dam, Rs 2500 million for construction of Panjgur Storage dam, Rs 2000 million for construction of Winder dam (Lasbela), Rs 1244.741 million for construction of 6 small dams (Zhob and Sherani districts), Rs 1000 million for increasing storage capacity and improvement in command areas of Tanda dam Kohat, Rs 1000 million each for Kurram Tangi dam, normal/emergent flood programme and Rs 770 million for Mangi dam.
Under the new scheme, Rs 10,000 million was allocated for Umbrella PC-1 of the Flood Protection Sector Project, Rs 1000 million each for the remodeling of Pat Feeder Canal, Kachhi Canal Project, construction of Sumari Payan dam project (Kohat), and Rs 385.736 million for the construction of Asreli Storage Dam Sui in the PSDP for FY 2023–24.