Pakistan’s exports to the seven regional countries witnessed an increase of 16.29 per cent 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 $1855.996 million, which is 14.83 per cent of Pakistan’s overall exports of $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, 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 per cent to $1223.532 million in five months of this year from $877.444 million last year while exports to Afghanistan also surged to $232.697 million from $213.282 million.
The country’s exports to Bangladesh however decreased by 31.91 percent to $248.457 million this year from $364.930 whereas exports to Sri Lanka rose by 7.61 percent to $145.970 million from $135.643. The exports to India decreased to $0.069 million from $0.112 million in the previous year.
Exports to Nepal increased by 15.48 per cent to $1.439 million from 1.246 million while to Maldives increased by 15.10 per cent to $3.832 million from 3.329 million, it added.—APP
