Pakistan’s regional exports increase 16.29 percent in five months

Pakistan’s exports to the seven regional countries witnessed an increase of 16.29 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 US$1855.996 million, which is 14.83 percent of Pakistan’s overall exports of US$12510.845 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 neighbouring countries, leaving behind other countries such as Bangladesh and Afghanistan.

Pakistan carried out its border trade with the farther neighbour Sri Lanka, India, Nepal, and Maldives.

Pakistan’s exports to China witnessed an increase of 39.44 percent to US$ 1223.532 million in five months of this year from US$ 877.444 million last year while exports to Afghanistan also surged to US$ 232.697 million from US$ 213.282 million. The country’s exports to Bangladesh however decreased by 31.91 percent to US$ 248.457 million this year from US$ 364.930 whereas exports to Sri Lanka rose by 7.61 percent to $145.970 million from US$ 135.643. The exports to India decreased to US$ 0.069 million from US$ 0.112 million in the previous year.

Exports to Nepal increased by 15.48 per cent to US $ 1.439 million from 1.246 million while to Maldives increased by 15.10 per cent to US$ 3.832 million from 3.329 million, it added. On the other hand, the imports from seven regional countries were recorded at US$ 4884.440 million during the period under review as compared to US$ 5195.286 million during last year, showing a decline of 5.98 per cent.

(The Nation)

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