July

Pakistan’s IT exports surge by 34% YoY in July 2024 amid growing global engagement D_Trends

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Pakistan’s IT exports surge by 34% YoY in July 2024 amid growing global engagement D_Trends

ISLAMABAD: Pakistan’s IT sector continues to demonstrate resilience and growth, with the country recording IT exports of US$286 million in July 2024. This figure marks a significant 34% year-on-year (YoY) increase, although it reflects a 4% month-on-month (MoM) decline. The July exports also surpassed the 12-month average of US$269 million, highlighting the sector’s upward trajectory. … Read more

Torrential rains claim nearly 200 lives across Pakistan since July 1: NDMA Dtrends

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Torrential rains claim nearly 200 lives across Pakistan since July 1: NDMA Dtrends

People passing through accumulated water on the road during rain in Lahore. — APP Seven deaths reported across country in past 24 hours, confirms NDMA. Says 362 people, including 147 children, injured in rain-related incidents. 1,559 houses partially, 734 fully damaged in the devastating downpours. ISLAMABAD: At least 195 people have been killed and 362 … Read more

Pakistan’s food exports surge by 45% to $476 million in July 2024 D_Trends

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Pakistan’s food exports surge by 45% to 6 million in July 2024 D_Trends

Pakistan’s food group exports increased by 44.77% in the first month of the current fiscal year 2024-25, reaching $475.767 million compared to $328.632 million in the same month last year, according to data from the Pakistan Bureau of Statistics. This boost in food exports was largely driven by a 75.70% increase in rice exports. In … Read more

Textile exports decline by 10% MoM, 3% YoY in July 2024  D_Trends

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Textile exports decline by 10% MoM, 3% YoY in July 2024  D_Trends

Pakistan’s textile exports reached $1.271 billion in July 2024, marking a 3.09% decline from $1.312 billion in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).  On a month-on-month basis, textile exports declined by 10.13% in July 2024 compared to the $1.414 billion recorded in June 2024, according … Read more

Former PM Hasina demands probe into July ‘killings and vandalism’ Dtrends

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Former PM Hasina demands probe into July ‘killings and vandalism’ Dtrends

DHAKA: Former Bangladesh prime minister Sheikh Hasina called on Tuesday for action against those involved in “killings and vandalism” in the country last month, her first comments since violent protests forced her to flee to India. Around 300 people died in the demonstrations that began as protests against employment quotas but spiralled into a movement seeking Hasina’s overthrow. … Read more

Earth registers hottest July on record: US agency Dtrends

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Earth registers hottest July on record: US agency Dtrends

People stand in front of a cooler installed around the Colosseum amid a heatwave in Rome, Italy, June 21. — Reuters Last month was the hottest July on record, making it the fourteenth straight record-breaking month, AFP reported citing a US environmental agency on Monday. The monthly report from the National Oceanic and Atmospheric Administration … Read more

Hasina demands probe into July ‘killings and vandalism’ in Bangladesh Dtrends

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Hasina demands probe into July ‘killings and vandalism’ in Bangladesh Dtrends

Bangladeshi Prime Minister Sheikh Hasina speaks during the annual Munich Security Conference, in Munich, Germany February 17, 2024. — Reuters Bangladesh ex-premier Hasina issues statement on X via her son.  Many people died “in the name of revolution” in July, says Hasina.  Ex-PM plans to return to Bangladesh upon decision on new polls.  DHAKA: Former … Read more

Pakistan’s car sales drop 36% in July 2024 amid pre-buying surge in June D_Trends

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Pakistan’s car sales drop 36% in July 2024 amid pre-buying surge in June D_Trends

ISLAMABAD: Pakistan’s automotive industry experienced a notable decline in car sales for July 2024, with total units sold dropping by 36% month-on-month (MoM) to 8,589 units, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). Despite this decline, the industry saw a 60% year-on-year (YoY) increase in sales, largely attributed to the low … Read more

July remittances hit $3 billion D_Trends

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July remittances hit billion D_Trends

KARACHI: Workers’ remittances sent home by overseas Pakistanis remained robust at $3 billion in July 2024, significantly stabilising the country’s foreign exchange reserves, improving its ability to make foreign payments, and helping maintain the current account balance at nearly breakeven for the month. The strong inflows bolstered the domestic currency, which appreciated by Rs0.13 on … Read more