Pak-Afghan trade surplus decrease by 5.31% in 8 months: SBP
ISLAMABAD: Pakistan’s goods and services trade with Afghanistan witnessed a decrease of 5.31 percent in surplus during the first eight months of the current financial year (2019-20) as compared to the corresponding period of the last year.
The overall exports to Afghanistan were recorded at $728.315 million during July-February (2019-20) against exports of $777.153 million during July-February (2018-19), showing negative growth of 6.28 percent, according to State Bank of Pakistan (SBP).
Overall Pakistan’s exports to other countries witnessed an increase of 2.64 percent in eight months, from $16.009 billion to $16.433 billion, the SBP data revealed.
On the other hand, imports from Afghanistan into the country during the period were recorded at $101.115 million against $114.723 million last year, showing a decrease of 11.86 percent in the first eight months of this year.
The overall imports into the country decreased by 17.51 percent, from $35.945 billion to $29.651 billion, according to the data.
The trade surplus during the period under review was recorded at $627.200 million against $662.430 million during the same period of last year, showing a decline of 5.31 percent, the data revealed. – APP