Pakistan continues to import largely from China: SBP

September 2, 2019: China, yet once again, topped the list of countries from where Pakistan imported the highest goods and services from during the first month of current financial year (2019-20), as the value of the products the latter imported from China stood at $859 million.

According to the data issued by State Bank of Pakistan (SBP), the total imports from China witnessed growth of 0.15 percent as compared to the imports of $857 million in the same period of last financial year.

This was followed by UAE, from where Pakistan imported goods worth $690 million against the imports of $684 million last year, showing a growth of 0.87 percent.

Singapore was at the third top, from where Pakistan imported products worth $293 million against the imports of $245 million in same period of last year, showing a negative growth of 25.59 percent.

During first month of current financial year, imports from Saudi Arabia stood at $189 million against $241 million during last year, showing a decline of 21.70. On the other hand, imports from Japan were recorded at $160 million against $100 million in the same month of last year, showing rise of 60 percent.

The imports from United State of America (USA) were recorded at $125 million against $121 million whereas imports from India were recorded at $120 million against $85 million in same month of last year.

During the period under review, the imports from Italy were recorded at $87 million against $37 million whereas the imports from Germany stood at 82 million against $96 million.

APP