Pakistan’s regional exports up by 20pc in FY2023-24

Pakistan’s exports to the seven regional countries witnessed an increase of 20 per cent during the fiscal year (2023-24) as compared to the corresponding period 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 $4334.467 million, which is 13.94 per cent of Pakistan’s overall exports of $31,090.229 million during July-June (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 33.64 per cent to $2,707.225 million during fiscal year under review from $2,025.741 million last year while exports to Afghanistan also witnessed an increase of 6.07 percent from $522.271 million to $554.008 million. The country’s exports to Bangladesh decreased by 13.27 percent to $666.516 million from $768.548 whereas exports to Sri Lanka rose by 37.81 percent to $391.226 million from $283.882. The exports to India increased to $3.569 million from $0.329 million in the previous year.