2 weeks Ago By NEWS WIRE
ISLAMABAD - Pakistan’s export of goods and services to the United States (US) witnessed an increase of 1.62 percent during the first two months of the current fiscal year (2024-25) as compared to the exports of the corresponding months of last year, State Bank of Pakistan (SBP) reported. The overall exports to the US were recorded at $949.
855 million during July-August (2024-25) against exports of $934.666 billion during July-August (2023-24), SBP data revealed. On a year-to-year basis, the exports to the US decreased to $473.
838 million in August 2024 against the export of $494.774 million in August 2023. Meanwhile, on a month-on-month basis, the exports to the US witnessed a nominal decrease of 0.
45 percent during August 2024 as compared to the exports of $476.017 million in July 2024, the SBP data revealed. Overall Pakistan’s exports to other countries witnessed an increase of 7.
18 percent in the first two months, rising from $4536.015 million to $4862.017 million, the SBP data revealed.
On the other hand, the imports from the US into the country during the months under review were recorded at $370.661 million against $350.977 million last year, showing an increase of 5.
60 percent in July-August (2024-25). On a year-on-year basis, the imports for the US also increased to $185.606 million in August 2024, against the export of $176.
497 million in August 2023. On a month-on-month basis, the imports from the US into the country witnessed a nominal decrease of 0.29 percent during August 2024, as compared to the imports of $185.
055 million during July 2024, according to the data. The overall imports into the country witnessed an increase of 13.82 per cent, surging from $8376.
052 million to $9533.997 billion, according to the data..
