Pakistan’s exports to the seven regional countries witnessed an increase of 16.3 percent in the first five months of the financial year (2023-24) as compared to the corresponding months of last year. The country’s exports to the regional countries including Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives account for a small amount of $1856.0 million, which is 14.8 percent of Pakistan’s overall exports of $12510.8 million during July-November (2023-24), State Bank of Pakistan (SBP) reported.
China tops the list of countries in terms of Pakistan’s exports to its neighboring, leaving behind other countries such as Bangladesh and Afghanistan.
Pakistan carried out its border trade with the farther neighbor Sri Lanka, India, Nepal, and Maldives. Pakistan’s exports to China witnessed an increase of 39.4 percent to $1223.5 million in five months of this year from $877.4 million last year while exports to Afghanistan also surged to $232.7 million from $213.3 million.
On the other hand, the imports from seven regional countries were recorded at $4884.4 million during the period under review as compared to $5195.3 million during last year, showing a decline of 6.0 percent.
The imports from China during July-November 2023-24 were recorded at $4741.1 million against the $5045.4 million during July-November 2022-23, showing a decrease of 6.0 percent during the period. http://tinyurl.com/y6bw9ku3
Source: IBP