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In the fiscal year 2023-2024, Pakistan’s exports of vegetables and fruits amounted to a total value of $773.23 million.

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In the financial year ending on June 30, 2024, Pakistan’s vegetable exports amounted to 1.126 million metric tons, with a total value of $430.055 million. This represents a decrease compared to the previous year, where exports reached 1.336 million metric tons valued at $300 million.

According to the Pakistan Bureau of Statistics, vegetable exports from the country increased by 43.20% during the period from July to June 2024, compared to the same period in the previous year.

During the recent financial year, the exports of fresh fruits increased by 21.31%, with over 935,631 metric tons worth $343.532 million being exported. This is compared to the exports of 627,133 metric tons valued at 283.188 million in the same time of the previous year.

Pakistan experienced a rise in exports during the fiscal year 2023-2024.

In the fiscal year ending on June 30, 2024, the total exports of food groups increased by 46.77 percent. Food commodities worth $7.369 billion were shipped, compared to $5.021 billion in the year 2022-23.

Conversely, food products worth 7.903 billion were imported in the fiscal year 2023–24, compared to imports worth $8.936 billion in the corresponding period of the fiscal year 2022–23.In the financial year ending on June 30, 2024, Pakistan’s vegetable exports amounted to 1.126 million metric tons, with a total value of $430.055 million. This represents a decrease compared to the previous year, where exports reached 1.336 million metric tons valued at $300 million.

According to the Pakistan Bureau of Statistics, vegetable exports from the country increased by 43.20% during the period from July to June 2024, compared to the same period in the previous year.

During the recent financial year, the exports of fresh fruits increased by 21.31%, with over 935,631 metric tons worth $343.532 million being exported. This is compared to the exports of 627,133 metric tons valued at 283.188 million in the same time of the previous year.

Pakistan experienced a rise in exports during the fiscal year 2023-2024.

In the fiscal year ending on June 30, 2024, the total exports of food groups increased by 46.77 percent. Food commodities worth $7.369 billion were shipped, compared to $5.021 billion in the year 2022-23.

Conversely, food products worth 7.903 billion were imported in the fiscal year 2023–24, compared to imports worth $8.936 billion in the corresponding period of the fiscal year 2022–23.

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In interbank trade, the Pakistani rupee beats the US dollar.

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In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

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Phase II of CPEC: China-Pakistan Partnership Enters a New Era

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The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.

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The inflation rate in Pakistan dropped to its lowest level.

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On December 2, core inflation as determined by the Consumer Price Index (CPI) significantly slowed, falling to 4.9% in November 2024 from 7.2 percent in October 2024.

The CPI-based inflation rate for the same month last year (November 2023) was 29.2%, according to PBS data.

Compared to a 1.2% gain in the prior month, it increased by 0.5% month over month in November 2024.

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