Pakistan's trade deficit with neighbouring countries surges 43pc
The country’s exports to Bangladesh, Afghanistan, Sri Lanka increase sharply
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Pakistan's trade deficit with nine neighbouring countries expanded by 43.22 per cent during the first half of the current fiscal year from July 2024 to June 2025, according to the State Bank of Pakistan (SBP).
The data presented at the SBP website on Sunday showed that the widening trade deficit is attributed primarily to imports from China, India and Bangladesh, reports Xinhua.
On the other hand, Pakistan's exports to Afghanistan, Bangladesh, and Sri Lanka posted a notable increase, partially offsetting the decline in exports.
The value of Pakistan's exports to nine countries, including China, Afghanistan, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan, and the Maldives, increased by 7.85 per cent to 2.40 billion dollars in the July-December period from 2.23 billion dollars over the same period a year ago.
The data revealed that Pakistan's imports from the regional countries also surged by 29.97 per cent, reaching 7.73 billion dollars in the first half of the current fiscal year, compared to 5.95 billion dollars in the corresponding period last year.