As economies around the globe have remained under intense pressure owing to the COVID-19 pandemic, the Pakistani economy is showing encouraging signs of a promising recovery with improved economic indicators.
Lockdown measures in some of the key export markets subdued India’s merchandise exports in December 2020 by 0.80 per cent to $26.89 billion from $27.11 billion in December 2019, preliminary data showed.
German exports shrank more than 12% last year as demand from the United States and Britain collapsed due to the coronavirus pandemic while Asia remained the only bright spot for Europe’s largest economy, the BGA trade association said.
Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to robust demand in regional giant China, surveys showed, but the prospect of tougher coronavirus curbs clouded the outlook for the recovery.
Rice shipping delays in India come at a bad time when consumer demand for the grain surges. The global rice market is grappling with logistical disruptions at major supply ports caused by a lack of shipping containers at the same time a worldwide rush to
Pakistan services exports have finally turned around and have started to grow as during the first half of the fiscal year (FY) 2020-2021.
Kim Young-ju, Chairman of the Korea International Trade Association (KITA), stated that the UAE and South Korea have had solid bilateral relations since the start of their diplomatic ties in the early 1980s, adding that the two friendly countries established a strategic