Business

Pakistan imports from China reduce by 9.46pc in 8 months

Pakistan imports from China reduce by 9.46pc in 8 months

– China remained the top exporter to Pakistan during the first eight months of the current fiscal year, followed by the United Arab Emirates (UAE) and Singapore.

The total imports from China during July-Feb (2018-19) were recorded at $6,633.191 million against $7326.706 million during July-Feb (2017-18), showing a decrease of 9.46 percent during the period.

The UAE exported goods worth $6,266.141 million as compared to $5793.779 million last year, showing a positive growth of 8.15 percent.

Singapore, at third place, exported products worth $2,396.914 million in comparison with $3,043.270 million in FY2017-18, showing a negative growth of 21.23 percent.

Among other countries, Pakistani imports from Saudi Arabia stood at $1,977.522 million in FY2018-19 against $1,994.299 million in FY2017-18, showing a decline of 0.84 percent.

Imports from Qatar were recorded at $1,441.123 million against $876.047 million last year, indicating an increase of 64.50 percent.