ISLAMABAD:
Pakistan’s exports of products and companies to China have elevated by 5.16% within the first two months of the fiscal yr 2023-24, reaching $350.297 million, in comparison with $333.077 million in the identical interval final yr. This marks a considerable 25.09% improve yearly as reported by the State Financial institution of Pakistan.
In August 2023, exports to China reached $198.932 million, a major improve from $159.021 million in August 2022, exhibiting a outstanding 31.42% month-to-month development. In distinction, Pakistan’s general exports to different international locations dropped by 8.26% throughout the identical interval, falling from $4.951 billion to $4.541 billion.
On a yearly foundation, the expansion is much more outstanding, with exports to China registering a outstanding 25.09% improve whereas in August 2022, exports stood at $159.021 million, whereas in August 2023, they elevated to $198.932 million. Pakistan’s exports to China elevated by 31.42% in August 2023 in comparison with July 2023, which totalled $151.365 million. Whereas exports to China are rising, Pakistan’s general exports to different international locations dropped by 8.26% throughout the identical interval, falling from $4.951 billion to $4.541 billion.
Total, Pakistan’s imports skilled a decline of 26.01%.
Revealed in The Specific Tribune, October 7th, 2023.
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