Pak-US trade observed 63pc surplus: SBP

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ISLAMABAD: The State Bank of Pakistan (SBP) reported that the goods and services trade with the United State of America (USA) saw a surplus of  63.58 per cent in the financial year (2021-22) as compared to last year.

As per data revealed by SBP, during July 2021-22 the exports were recorded at $ 503.118 million while during July 2020-21, the exports grew by 49.19 per cent to be at $337.228 million. 

Moreover, Pakistan’s exports to other countries also soared by 9.73 per cent from $1.885 billion to $2.257 billion in the first month. 

The imports from the USA witnessed an increase of 35.19 per cent from  $170.985 million last year to $231.166 million in July 2021-22. 

 

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Pak-China trade volume observed at $12.56bn

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ISLAMABAD: Despite the hurdles posed by the pandemic, Pakistan-China trade volume in the first half of FY 2021 is recorded at $12.56bn in the first half of FY2021.

According to the details, the trade volume has increased by 1.6 times as compared to the volume of the same period last year.

The trade volume in the first quarter of FY year is observed at $888mn as compared to the value of $526mn in the same period of 2020.

The factors associated with the increase in trade include progress on the China Pakistan Economic Corridor (CPEC), Chinese foreign investment in Pakistan, and the entry of the Pak-China Free Trade Agreement (FTA).

Furthermore, Chinese enterprises are also taking a keen interest in the industrial sector of Pakistan.

 

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