Finance Ministry issues clarification on article titled “Panic over Forex Reserves”

ISLAMABAD, Nov 29 (APP):The article published in a section of press titled ‘Panic over Forex Reserves’, gives the impression that apparently there is a state of emergency declared by Ministry of Finance and State Bank of Pakistan (SBP) due to the ongoing higher import bill. It is clarified that Adviser to PM on Finance and… Continue reading Finance Ministry issues clarification on article titled “Panic over Forex Reserves”

Oil import bill shrinks by 21.7% to $6.44bn in 8 months

The country’s oil import bill witnessed reduction of 21.70 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth $6445.601 million during July-February (2020-21) against the imports of $8232.294 million during July-February (2019-20), showing decline of 21.70 percent, according… Continue reading Oil import bill shrinks by 21.7% to $6.44bn in 8 months

Oil import bill shrinks by 22.32% to $4.77bn in 1st half of FY21

ISLAMABAD, Jan 19 (APP):The country’s oil import bill witnessed reduction of 22.32 percent during the first half of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The overall oil imports during July-December (2020-21) were recorded at $4771.471 million against the imports of $6142.197 million… Continue reading Oil import bill shrinks by 22.32% to $4.77bn in 1st half of FY21

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