Karachi (NNI) Trade with India could not close completely after the tension in Kashmir, bilateral trade saw a 75% decline in September. Indi...
Karachi (NNI) Trade with India could not close completely after the tension in Kashmir, bilateral trade saw a 75% decline in September. India's goods were reduced by 93%, but the revenue of Indian goods did not decrease so much.
According to the State Bank, the volume of bilateral trade between Pakistan and India in September stood at $ 33.22 million, while in September last year, the trade was $ 12.64 million, Pakistan's exports to India decreased by 93% in September. Only 176.6 thousand dollars remained.
According to the report, the total volume of Pak-India bilateral trade during the first quarter of the financial year was 23 million 6 million 41 thousand dollars. Dollar, which is 50.6% lower than the previous fiscal year. Overall exports to India in three months were worth $ 98 million, down 90% from last year.While the value of goods coming from India was down 39% to $ 228 million, the trade deficit could not be reduced due to lower imports compared to Pakistan's exports. There was a trade deficit of $ 4 million.
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