Tag Archives: Pakistan trade deficit

KARACHI, October 4, 2026: United Business Group (UBG) President and former FPCCI President Zubair Tufail has called for greater focus on domestic production of industrial raw materials and the development of import-substitution industries to help reduce Pakistan’s widening trade deficit. He expressed concern over the trade deficit reaching $10.8 billion …

KARACHI, Aug. 6, 2026: Pakistan’s trade deficit widened by more than 25% year-on-year to US$3.95 billion in July 2026, prompting concern from United Business Group (UBG) President and former FPCCI President Zubair Tufail, who warned that the country’s growing reliance on imports continues to pressure the economy. Tufail said the …