2 weeks Ago
Pakistan’s export of goods and services to the United States (US) witnessed an increase of 6.18 percent during the first quarter of the current fiscal year (2024-25) as compared to the exports of the corresponding quarter of last year, State Bank of Pakistan (SBP) reported. The overall exports to the US were recorded at US $1.
461 billion during July-September (2024-25) against exports of US $1.376 billion during July-September (2023-24), SBP data revealed. On a year-to-year basis, the exports to the US also surged to $511.
525 million in September 2024 against the export of $441.569 million in September 2023. Meanwhile, on a month-on-month basis, the exports to the US witnessed an increase of 7.
95 percent during September 2024 as compared to the exports of $473.838 million in August 2024, the SBP data revealed. Overall Pakistan’s exports to other countries witnessed an increase of 7.
82 percent in the first three months, from US $6.952 billion to US $7.495 billion, the SBP data revealed.
On the other hand, the imports from the US into the country during the months under review were recorded at US $558.562 million against US $471.776 million last year, showing an increase of 18.
39 percent in July-September (2024-25). On a year-on-year basis, the imports for the US also increased to US $187.700 million in September 2024, against the export of US $120.
799 million in September 2023. On a month-on-month basis, the imports from the US into the country witnessed a nominal decrease of 1.12 percent during September 2024, as compared to the imports of US $185.
606 million during August 2024, according to the data. The overall imports into the country witnessed an increase of 15.71 per cent, from $12.
288 billion to US $14.219 billion, according to the data..
