Pakistani exports to China are on the rise. Exports reached $1.72 billion in the first 7 months of FY24, a 46% increase compared to $1.1 billion during the same period last year. This increase of $544 million in seven months is a significant achievement and is the result of Pakistan’s renewed focus on China, and a testament to the strong economic ties between the two nations.
Chairing a meeting on the $100 billion Export Vision at the Ministry of Commerce, Minister for commerce Gohar Ejaz laid out a roadmap to achieve this ambitious target in 5 years. “From diversifying products and markets to streamlining processes and creating a favorable ecosystem for enhancing exports, it’s all hands on deck”, he added, GP reported. Pakistan’s imports from China remained relatively stable during this period with a nominal increase of less than one percent. Imports from China into Pakistan were recorded at $7.709 billion in the first seven months of FY24, compared to $7.658 billion during the same period last year.
