BREAKING NEWS

Pakistan’s exports to Afghanistan decrease 14.13%

ISLAMABAD: Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 14.13 % during the seven months of current financial year (2020-21) as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported.

The overall exports to Afghanistan were recorded at $543.650 million during July-January (2020-21) against exports of $633.121 million during July-January (2019-20), showing negative growth of 14.13 percent, according to SBP data.

The exports to Afghanistan during January 2021 however witnessed increase of 3.75 percent, from $89.963 million last year to $93.341 million. And according to month-on-month basis, the exports to Afghanistan also rose by 13.56 percent during January 2021 when compared to the exports of $82.195 million in December 2020.

Overall Pakistan’s exports to other countries witnessed decline of 3.80 percent in seven months, from $14.445 billion to $13.896 billion, the SBP data revealed.

On the other hand, the imports from Afghanistan into the country during the period under review were recorded at $107.461 million against $87.237 million last year, showing increase of 23.18 percent in (July-January) 2020-21. The imports from Afghanistan during January 2021 also rose by 193.53 percent, from $9.447 million last year to $27.730 million on yearly basics.

Whereas, the import from Afghanistan however decreased by 7.10 percent during January 2021 when compared to the import of $29.852 million in December 2020 on monthly basis. APP reported.

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