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Wednesday, April 2, 2025

Pakistan’s trade deficit with nine neighboring countries increases by 36%

In the first eight months of the fiscal year 2024-25, Pakistan’s trade deficit with nine neighboring countries expanded by 36.09%, reaching $7.36 billion, up from $5.41 billion during the same period the previous year.

Exports to these countries—Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan, and the Maldives—experienced a modest increase of 6.64%, totaling $3.1 billion. However, imports surged by 25.80% to $10.46 billion, with significant increases from China, India, and Bangladesh.

Notably, imports from China rose by 25.87% to $10.18 billion, while exports to China declined by 10.55% to $1.69 billion. Imports from India also saw a 13.63% increase, amounting to $157.73 million, whereas exports to India remained minimal at $0.41 million.

Conversely, exports to Afghanistan grew by 84.25% to $592.84 million, and imports from Afghanistan increased to $18.21 million.

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