This financial year: Pak-India trade very low in 6 months
KARACHI: Trade between the two countries continued to be difficult during the bilateral relations between New Delhi and Islamabad, but still the first half of the year 20-2019 showed favour for India.
According to the report, recent data from the State Bank of Pakistan shows that the volume of bilateral trade shrunk significantly in the first half of this financial year.
Pakistan's exports to India in the first half of this fiscal were $ 68 million in the first half of this fiscal, compared to $ 21 million in the first half of the year 19-2018.
In addition, imports from India rose to $ 28.66 million in the same period last year, compared to $ 86 million last year, resulting in Pakistan's trade deficit with the neighbouring East at $ 268 million.
Similarly, China's largest trading partner, China, also exported imports from July to December and was $ 4 billion 80 million compared to $ 5 billion last year, but exports saw a slight increase and this fiscal In the first half of 19, it increased from $ 888 million to $ 93.6 million.
This means that trade balance with China stood at $ 864 billion negative.