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Brazil records trade surplus of $8.8 billion in June

The exports grew 15.6% from June last year, to $32.7 billion, while imports jumped 33.7% to $23.9 billion

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Brazil records trade surplus of $8.8 billion in June
GNN Media: Representational Photo

Brazil's trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations.

Economists polled by Reuters had projected a $9.994 billion surplus for the month.

The reading was the second best for the month of June, after last year, since the figures were recorded in 1989.

According to the Economy Ministry, exports grew 15.6% from June last year, to $32.7 billion, while imports jumped 33.7% to $23.9 billion.

Global inflationary pressures have been boosting the value of tradable goods, amid rising food and energy prices and disrupted supply chains with the Russia-Ukraine war.

But Brazilian imports have increased faster, which has prompted the ministry to revise its projections for the year.

The first half of 2022 ended with a $34.2 billion surplus, down from $37.0 billion in the year-ago period. The government now expects to end 2022 with a $81.5 billion surplus.

The number represents a major cut from the $111.6 billion 2022 surplus estimate made in April.

The outlook for exports was revised slightly up to $349.4 billion in 2022, from $348.8 billion. Imports are now expected to reach $268.0 billion this year, up from the previous $237.2 billion estimate.

SOURCE: REUTERS

Pakistan

PM lauds Interior ministry, provincial Govts, LEAs for maintaining peace on Yaum-e-Ashur

The Prime Minister also paid tribute to the volunteer youths who also served to maintain discipline on the day.

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PM lauds Interior ministry, provincial Govts, LEAs for maintaining peace on Yaum-e-Ashur

Islamabad: Prime Minister Shehbaz Sharif has appreciated Interior Minister Rana Sanaullah, his ministry, the provincial governments as well as law enforcement agencies for maintaining peace on Yaum-e-Ashur. 

In a statement, he lauded the officers and personnel of Rangers, law enforcement agencies, particularly the police who faced the scorching heat and tough conditions to protect people’s lives and properties.

The Prime Minister also paid tribute to the volunteer youths who also served to maintain discipline on the day.

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Pakistan

More rain expected from August 10-13: PMD

Travelers and tourists are advised to remain more cautious

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More rain expected from August 10-13: PMD

Islamabad: Pakistan Meteorological Department has predicted more rains in Kashmir, Gilgit-Baltistan, Islamabad, and Punjab, Khyber Pakhtunkhwa, Sindh, and parts of Balochistan from August 10-13 with occasional gaps.

The monsoon currents continuously penetrating the country are likely to become stronger from August 10.

About the possible impacts of rain, the met office revealed that heavy rains may generate urban flooding in Rawalpindi/Islamabad, Peshawar, Nowshera, Mardan, Faisalabad, Lahore and Gujranwala from August 10-12.

Flash flooding is expected in local Nullahs of Islamabad/Rawalpindi, Shakargarh, Sialkot, Narowal, Abbottabad, Mansehra, Dir, Karak, Lakki Marwat, Bannu, and Kashmir from August 10-12.

Heavy Rains may generate urban flooding in Karachi, Thatta, Badin, Hyderabad, Dadu, Jamshoro, Sukkur, Larkana, Shaheed Benazirabad, and Mirpurkhas from August 11-13.

Flash flooding is expected in Qilla Saifullah, Loralai, Barkhan, Kohlu, Mosa Khel, Sherani, Sibbi, Bolan, Kalat, Khuzdar, Lasbela, Awaran, Turbat, Panjgur, Pasni, Jiwani, Ormara, Gwadar and hill torrents of Dera Ghazi Khan during the forecast period.

Catchment areas of Ravi, Jhelum and Chenab may receive heavy downpours causing the water levels to rise significantly during the forecast period.

The rainfall may trigger landslides in Kashmir, hilly areas of Khyber Pakhtunkhwa, Galiyat, Murree, Chillas, Diamir, Gilgit, Hunza, Astore, Ghizer, and Skardu during the forecast period

Travelers and tourists are advised to remain more cautious during the forecast period.

All concerned authorities are advised to remain alert and to take necessary precautionary measures during the forecast period.

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Pakistan

PTI’s Shahbaz Gill arrested in Islamabad

The news was confirmed by the former Federal Minister Murad Saeed on his official Twitter handle.

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PTI’s Shahbaz Gill arrested in Islamabad

Islamabad: Pakistan Tehreek-e-Insaf (PTI) senior leader Dr Shahbaz Gill has been arrested from Islamabad on Tuesday, GNN reported.  

According to details, Special Assistant to the former Prime Minister Shahbaz Gill was taken into custody outside the residence of party chairman Imran Khan, while a case of 'incitement to rebellion' has been registered against him in the Bani Gala police station. 

Besides other charges, clauses relating to inciting people against the state institutions and their heads were added to the FIR

The news was confirmed by the former Federal Minister Murad Saeed on his official Twitter handle.

"The imported government is in panic," he tweeted.

He added that Shehbaz Gill's assistant was also subjected to physical assault, claiming that Gill has been 'abducted'. 

In the meantime, PTI leader Fawad Chaudhry said that Shahbaz Gill was 'kidnapped' from Banigala chowk by men who came in vehicles without number plates. 

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