Arab Today, arab today pakistan’s exports to china double in 1st quarter
Last Updated : GMT 08:28:40
Arab Today, arab today
Arab Today, arab today

Pakistan’s exports to China double in 1st quarter

Arab Today, arab today

Arab Today, arab today Pakistan’s exports to China double in 1st quarter

Karachi - Arabstoday

Pakistan’s export to China doubled in the first quarter of the current fiscal year, but exports to most of the regional countries fell during the period. State Bank of Pakistan’s latest report showed that Pakistan could not improve its trade ties with the neighbours except China while trade volume also remained thin. During the first quarter, exports to China rose to $635.8 million from $362 million in corresponding period of last year. The export growth reflected the trend that started three years back and rose to $4.314 billion in FY-12 from $3.283 billion in FY10. Imports from China grew more rapidly as it rose to $1.063 billion during the first quarter compared to $994 million of previous year. Economic ties with the China witnessed a number of developments, like currency swap agreement and recent permission to Pakistan’s central bank to invest in China’s internal Bonds market. However, trade balance is in favour of China as Pakistan’s export was about half of the imports from China in FY-12. In case of regional trade, Pakistan could not improve the situation. Trade with India, the second largest country in terms of population, was thin and almost same like previous year. According to official data, exports to India in the first quarter increased to $71 million against $59 million of last year while imports slightly increased to $278 million from $255 million. Exports to Afghanistan fell to $301 million from $449 million while imports from Afghanistan were almost negligible as these were just to the tune of $6.9 million as against worth $2.5 million last year. Export to Bangladesh also fell to $151 million during this quarter compared to $171 million. However, imports from the country had no match like Afghanistan and it was just $12 million during three months. Trade with Iran was also at a low level as its exports increased to $44 million as against $48 million last year, and imports fell to $19 million as against $53 million the previous year. Business community says the government has no policy to improve regional trade while exporters find it easy to remain stick to traditional markets. From Gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan’s exports to china double in 1st quarter Arab Today, arab today pakistan’s exports to china double in 1st quarter

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday