ISLAMABAD: While construction industry earnings plummeted by 60%, those from the tourism sector rose by 87%.
The tourism sector made $930,5 million in fiscal year 2022-23, up from $500 million in fiscal year 2021-22, according to the performance report for fiscal year 2022-23 that The Express Tribune got from the commerce ministry.
Contrarily, the report showed that earnings from the construction business fell by 60.5%, from $860 million in the fiscal year 2021–2022 to $340 million in the fiscal year 2022–203.
Unexpectedly, the quickly growing industry of information technology (IT), which has swept the globe, fell by 0.6% over the previous fiscal year.
Information on trade with different nations and regions during the preceding fiscal year was also included in the documents.
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$14.2 billion in trade was reportedly conducted between Pakistan and the EU. According to the documents, Pakistan’s imports from the EU reached $4.71 billion, compared to $9.49 billion in exports.
In addition, Pakistan exported $6.04 billion worth of goods to the US.
In the previous fiscal year, Pakistan’s trade with African countries was $4.44 billion.
The documents state that $19.62 billion in trade was done with Gulf countries. Pakistan’s exports were worth $16.97 billion, while its imports were worth $2.66 billion.
Pakistan’s Middle East-related income grew by 3.2% annually. Imports from the area decreased by 24%.
Additionally, $186,4 million in business was conducted with Afghanistan. Pakistan’s exports to Afghanistan were worth $97.2 million, compared to $89.3 million in imports.
$88 million worth of trade was conducted with Iran.
Pakistan’s trade with Central Asian nations is expected to increase once the situation in Afghanistan has stabilized.
ISLAMABAD: While construction industry earnings plummeted by 60%, those from the tourism sector rose by 87%.
The tourism sector made $930,5 million in fiscal year 2022-23, up from $500 million in fiscal year 2021-22, according to the performance report for fiscal year 2022-23 that The Express Tribune got from the commerce ministry.
Contrarily, the report showed that earnings from the construction business fell by 60.5%, from $860 million in the fiscal year 2021–2022 to $340 million in the fiscal year 2022–203.
Unexpectedly, the quickly growing industry of information technology (IT), which has swept the globe, fell by 0.6% over the previous fiscal year.
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Information on trade with different nations and regions during the preceding fiscal year was also included in the documents.
$14.2 billion in trade was reportedly conducted between Pakistan and the EU. According to the documents, Pakistan’s imports from the EU reached $4.71 billion, compared to $9.49 billion in exports.
In addition, Pakistan exported $6.04 billion worth of goods to the US.
In the previous fiscal year, Pakistan’s trade with African countries was $4.44 billion.
The documents state that $19.62 billion in trade was done with Gulf countries. Pakistan’s exports were worth $16.97 billion, while its imports were worth $2.66 billion.
Pakistan’s Middle East-related income grew by 3.2% annually. Imports from the area decreased by 24%.
Additionally, $186,4 million in business was conducted with Afghanistan. Pakistan’s exports to Afghanistan were worth $97.2 million, compared to $89.3 million in imports.
$88 million worth of trade was conducted with Iran.
Pakistan’s trade with Central Asian nations is expected to increase once the situation in Afghanistan has stabilized.
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