Image Credits: DAWN
ISLAMABAD, Oct 11 (APP): Pakistan’s exports of goods and services to Afghanistan witnessed a decrease of 25.68 percent during the first two months of the current fiscal year (2020-21) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported.
The overall exports to Afghanistan were recorded at US $123.750 million during July-August (2020-21) against exports of US $166.515 million during July-August (2019-20), showing a negative growth of 25.68 percent, SBP data revealed.
Overall Pakistan’s exports to other countries witnessed a decline of 16.63 percent in the first two months, from US $ 4.105 billion to US $ 3.422 billion, the SBP data revealed. On the other hand, the imports from Afghanistan into the country during the period under review were recorded at US $ 9.514 million against US $18.163 million last year, showing a decline of 47.61 percent in July-August (2020-21).
The overall imports into the country however decreased by 12.69 percent, from $7.704 billion to US $ 6.729 billion, according to the data. Based on the trade figures, the trade of goods and services with Afghanistan witnessed a decrease of 23 percent in surplus during July-August (2020-21) as compared to the corresponding period of last year.
The surplus during the period under review was recorded at US $114.236 million against US $148.352 million during same period of last year, showing a negative growth of 23 percent, the data revealed.
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