Pakistan regional exports down by 5.7%

Pakistan’s exports to its nine regional countries plunged over 5.7 per cent in the nine months of the current fiscal year due to the impact of Covid-19, data of the State Bank of Pakistan showed on Monday.

The country’s exports to these countries — Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives — account for a small amount of $2.788 billion, which is just 14.91pc of Pakistan’s total global exports of $18.688bn in 9MFY21.

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On the other hand, the country’s trade deficit with the region narrowed slightly during the period under review as imports from these countries also dipped.

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