Pakistan's external position has again come under strain during the first seven months of FY 2025-26, as a ballooning trade deficit offset improvements in remittances and services exports.
According to assessments by Crisil, ICICI Bank Research and Emkay Global, the merchandise deficit expanded as gold imports surged nearly 150% quarter-on-quarter, touching USD 19 billion in Q2, while goods exports declined on a sequential basis following the rollout of higher US tariffs on In
Primarily driven by a sharp fall in shipments to the US and a high base effect, India's engineering goods exports declined a whopping 16.71 per cent year-on-year in October 2025 to USD 9.37 billion, the Engineering Export Promotion Council of India said on Saturday.