1.59 % surplus witnessed in Pak-Bangladesh trade: SBP
ISLAMABAD: Pakistan’s goods and services trade with Bangladesh witnessed surplus of 1.59 percent during first eight months of the ongoing fiscal year as compared to the corresponding period of last year.
The overall exports to Bangladesh were recorded at $512.089 million during July-February (2019-20) against exports of $510.413 million during July-February (2018-19), showing growth of 0.32 percent in first eight months of the current fiscal year, 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, the imports from Bangladesh into the country during the period were recorded at $34.504 million against $40.344 million last year, showing a decrease of 14.47 percent in first eight months of the current fiscal 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 $477.585 million against $470.69 million during same period of last year, showing 1.59 percent growth. - APP