• About Us
  • Our Contributors
  • Privacy Policy
  • Contact
Tuesday, June 17, 2025
  • Login
No Result
View All Result
FactFile
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

    Best-Selling Mobile Phones of 2025 Revealed; Details Inside

    Best-Selling Mobile Phones of 2025 Revealed; Details Inside

    Texas Wants to Ban Social Media for All Users Under 18

    Texas Wants to Ban Social Media for All Users Under 18

    Global Data Breach Hits over 180mln Users , Including Pakistan

    Global Data Breach Hits over 180mln Users, Including Pakistan

    Saudi Arabia to Use Drones to Prevent Illegal Hajj Permit Holders

    Saudi Arabia to Use Drones to Prevent Illegal Hajj Permit Holders

  • Entertainment
    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

  • Opinion
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    12 Major Upgrades Leaked for iPhone 17 Pro and Pro Max

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

    WhatsApp to Stop Supporting THESE iPhones: Check List Inside

    Best-Selling Mobile Phones of 2025 Revealed; Details Inside

    Best-Selling Mobile Phones of 2025 Revealed; Details Inside

    Texas Wants to Ban Social Media for All Users Under 18

    Texas Wants to Ban Social Media for All Users Under 18

    Global Data Breach Hits over 180mln Users , Including Pakistan

    Global Data Breach Hits over 180mln Users, Including Pakistan

    Saudi Arabia to Use Drones to Prevent Illegal Hajj Permit Holders

    Saudi Arabia to Use Drones to Prevent Illegal Hajj Permit Holders

  • Entertainment
    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Saheefa Jabbar Faces Backlash Over Bold Social Media Posts

    Faisalabad: TikToker Sana Yousaf's Alleged Killer Arrested

    Faisalabad: TikToker Sana Yousaf’s Alleged Killer Arrested

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

    Mahira Khan’s Pashto Song ‘Sada Ashna’ From Love Guru Goes Viral

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

     ‘Son of Sardar’ Actor Mukul Dev Passes Away at 54

    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

  • Opinion
No Result
View All Result
FactFile
No Result
View All Result
Trade deficit likely to increase by $3bn amid flood devastation

Trade deficit likely to increase by $3bn amid flood devastation

by Arshad Khan
September 5, 2022
in Economy
2
Share on FacebookShare on TwitterLinkedIn Whatsapp

The budget of the current financial year, the target set for exports is $35 billion.

Trade deficit likely to increase by $3bn amid flood devastation. Due to ongoing floods and torrential rains in the country, the trade deficit is likely to increase by $3 billion.

According to the Ministry of Finance, the production of vegetables, fruits, tobacco, cement, and leather products has been severely affected due to floods, which will reduce exports, adding that the trade deficit is likely to increase by 3 billion dollars due to a decrease in exports and an increase in imports.

Finance Ministry sources said that in order to achieve the export target, immediate and concrete measures are needed at the government level for the export sector, and new markets for exports in the European Union and the United States will have to be found.

More From FactFile: 50,000 flood affectees provided relief at Pak Army camps: DG ISPR

It is pertinent to mention that in the budget of the current financial year, the target set for exports is $35 billion.

The catastrophic floods in Pakistan have caused economic damages from $10 billion to $12.5 billion apart from the loss of lives as estimated by the government, projecting a rise in inflation in the range of 24-27% on touch 30% for the current fiscal year.

A high-profile committee with representation from the Ministry of Finance, Ministry of Planning, State Bank of Pakistan, FBR, PIDE and others evaluated that poverty and unemployment have gone up manifold, rising from 21.9% to over 36%.

Some 37% of the population has been hit by poverty after 118 districts of the country were ravaged by severe flooding.

Tags: FBRMinistry of FinanceMinistry of PlanningState Bank of PakistanTrade
ShareTweetShareSend
Previous Post

PEMRA warns TV channels not to air content against state institutions

Next Post

Earthquake in China’s Sichuan kills more than 30, shakes provincial capital

Arshad Khan

Arshad Khan

Related Posts

Currency Rates in Pakistan Today – US Dollar, Euro, Pound, Riyal to PKR 17 June 2025

Currency Rates in Pakistan Today – US Dollar, Euro, Pound, Riyal to PKR 17 June 2025

by Arshad Khan
June 17, 2025
0

Saudi Riyal SAR stood at Rs.75.25 buying and Rs.76.15 selling. Currency Rates in Pakistan Today – US Dollar, Euro, Pound,...

Gold Rates in Pakistan Today – Gold Price Daily Updates 17 June 2025

Gold Rates in Pakistan Today – Gold Price Daily Updates 17 June 2025

by Arshad Khan
June 17, 2025
0

The rate of 10 grams of 24-karat gold decreased by Rs.600, bringing it down to Rs.310,613. Gold Rates in Pakistan...

Punjab Presents Rs5.3 Trillion Budget with Major Push for Development

Punjab Presents Rs5.3 Trillion Budget with Major Push for Development

by Arshad Khan
June 16, 2025
0

A projected fiscal surplus of Rs740 billion and targeted subsidies worth Rs72.3 billion were also announced. Punjab Presents Rs5.3 Trillion...

Oil Prices Increase Further as Israel-Iran Extends Into Fourth Day

Oil Prices Increase Further as Israel-Iran Extends Into Fourth Day

by Arshad Khan
June 16, 2025
0

Both main oil contracts were up more than one percent in early Asian trade. Oil Prices Increase Further as Israel-Iran...

Currency Rates in Pakistan: Check Updates for US Dollar, Euro, Pound, Riyal 16 June 2025

Currency Rates in Pakistan: Check Updates for US Dollar, Euro, Pound, Riyal 16 June 2025

by Arshad Khan
June 16, 2025
0

UAE Dirham stood firm at Rs76.95 for buying and Rs77.80 for selling Currency Rates in Pakistan: Check Updates for US...

Gold Price In Pakistan Today – 16 June 2025 – Latest Gold Rates

Gold Price In Pakistan Today – 16 June 2025 – Latest Gold Rates

by Arshad Khan
June 16, 2025
0

The price for 10 grams of gold has also reached all time high of Rs311,213 in the country’s market. Gold Price In...

Govt Increases Petrol Price by Rs4.8 Per Litre for Next 15 Days, From June 16

Govt Increases Petrol Price by Rs4.8 Per Litre for Next 15 Days, From June 16

by Arshad Khan
June 15, 2025
0

The price of high-speed diesel was also increased by Rs 7.95 per litre, taking it from Rs 253.63 per litre...

Load More
Next Post
Earthquake in China's Sichuan kills more than 30, shakes provincial capital

Earthquake in China's Sichuan kills more than 30, shakes provincial capital

Nation celebrates Defense & Martyrs Day

Nation celebrates Defense & Martyrs Day

Comments 2

  1. Pingback: Japan announces $ 7m emergency grant for Pak flood victims - FactFile
  2. Pingback: Why is China interested in importing donkeys from Pakistan? - FactFile

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Youtube Instagram LinkedIn
FactFile

Newsletter

Subscribe to receive regular updates from FactFile.
SUBSCRIBE

Categories

  • Business
  • Economy
  • Education
  • Entertainment
  • FactFile
  • Fashion
  • Health
  • International
  • Interview
  • Lifestyle
  • National
  • Opinion
  • People
  • Science
  • Sports
  • Tech
  • Uncategorized

Site Links

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

© 2020-25 Daily FactFile

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health

© 2020-25 Daily FactFile