Pakistan’s Regional Exports Increase 14.21pc in Four Months

Mon Nov 27 2023
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ISLAMABAD: Pakistan’s exports to the seven regional countries recorded an increase of 14.21% in the first four months of the financial year (2023-24) as compared to the same months of last year.

The country’s exports to the regional countries, including China, Bangladesh, Sri Lanka, Afghanistan, Nepal, India, and the Maldives, account for a small amount of 1443.868 million dollars, which is 14.76% of Pakistan’s overall exports of 9776.912 million dollars during July-October (2023-24), State Bank of Pakistan (SBP) reported.

China tops the list of nations in terms of Pakistan’s exports to its neighbouring, leaving behind other countries such as Afghanistan and Bangladesh. Pakistan carried out its border trade with its fartner neighbour Sri Lanka, Maldives, India, and Nepal.

Pakistan’s exports to China witnessed an increase of 40.36% to 952.216 million dollars in four months of this year from 678.386 million dollars during last year, while exports to Afghanistan also went up to 180.686 million dollars from 176.019 million dollars.

The country’s exports to Bangladesh, however, decreased by 34.73% to 192.193 million dollars this year from 294.499 million dollars, whereas exports to Sri Lanka went up by 2.68% to 114.473 million dollars from 111.489 dollars.

The exports to India decreased to 0.069 million dollars from 0.110 million dollars in the previous year.

Exports to Nepal surged by 10.91% to 1.138 million dollars from 1.026 million, while to Maldives increased by 17.87% to 3.093 million dollars from 2.624 million, it added.

Pakistan’s Imports

On the other hand, the imports from seven regional nations were recorded at 3855.354 million dollars during the period under review as compared to 4259.578 million dollars during last year, showing a decline of 9.48%.

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