Trade surplus with Italy jumps 97%
ISLAMABAD: During fiscal year 2022–2023, Pakistan’s trade in goods and services with Italy saw a 97.11% increase from the previous year. The trade surplus increased by 97.11% to $624.518 million in FY23 from $316.995 million in FY22.
According to figures from the State Bank of Pakistan (SBP), total exports to Italy were $1,151.448 million in July-June FY23 compared to $1,087.434 million in July-June FY22, representing a 5.88% increase. Exports to Italy declined 18.57% year over year, from $121.101 million in June 2022 to $98.601 million in June 2023.
Additionally, export shipments to Italy decreased 2.76% month over month in June 2023 compared to exports of $101,4 Exports from Pakistan to all nations decreased overall during the reviewed year, falling 14.09% to $27.911 billion from $32.492 billion in FY22.
Trade surplus with Italy jumps 97%
The climbers were discovered to have significant breathing issues. Before being lifted to safety, the army teams also gave them rapid medical assistance. A Polish climber and his local guide were saved from Shigar at a height of roughly 17,000 feet, while the four British climbers were rescued from the snow-capped Concordia range, the statement continued.
This was reflected in a PBC statement where Vice Chairman Haroon-ur-Rashid and Chairman of the Executive Committee Hassan Raza Pasha denounced the decision of the Election Commission of Pakistan (ECP) to postpone the general elections beyond the constitutional limit of 90 days due to new constituency delimitation based on the new digital census.
Justice Babar Sattar issued a written order for a contempt of court action against DC Irfan Memon and Operations SSP Jameel Zafar, stating that their responses to the district court magistrate’s show cause notice over Afridi’s arrest were inadequate.
Published in EDP BLOGS on August 19,2023.
