Over 5pc surplus witnessed in Pakistan-Bangladesh trade: SBP

Author: Agencies

Pakistan’s goods and services trade with Bangladesh witnessed a surplus of 5.71 percent during the first month of the current financial year (2021-22) as compared to the corresponding period of the previous year. The overall exports to Bangladesh were recorded at $51.033 million during July (2021-22) against exports of $48.297 million during July (2020-21), showing growth of 5.66 percent, SBP data revealed. Overall Pakistan’s exports to all countries also witnessed an increase of 19.73 percent in the first month, from $1.885 billion to $2.257 billion, the SBP data said. On the other hand, the imports from Bangladesh during the period under review were recorded at $3.518 million against $3.948 million last year, showing a decrease of 10.89 percent in July (2021-22). The overall imports rose by 51.70 percent, from $3.557 billion to $5.396 billion, according to the data. The trade surplus during the period under review was recorded at $47.515 million against $44.349 million during the same period of last year, showing 63.58 percent growth.

Share
Leave a Comment

Recent Posts

  • Pakistan

Metrix Pakistan Empowers Youth with Second Edition of Youth Summit in Haripur

Metrix Pakistan, a pioneering force in technology and innovation, reaffirmed its commitment to youth empowerment…

3 hours ago
  • Business

APBF asks govt to announce special incentives for cash-strapped SMEs to save economy

The All Pakistan Business Forum (APBF) has asked the government to announce special incentives for…

5 hours ago
  • Business

Turkmenistan to complete TAPI energy project with regional countries

Turkmenistan is committed to complete the Turkmenistan–Afghanistan–Pakistan–India (TAPI) energy project together with the regional countries.…

5 hours ago
  • Business

Wheat prices plummet in Punjab as govt delays procurement

Wheat prices in Punjab have plunged below PKR 3,000 per maund (approximately 37 kilograms) due…

5 hours ago
  • Business

Govt forms committee for revival of Pakistan Steel Mills

The Federal Ministry of Industry and Production on Saturday constituted an 8-member committee to revive…

5 hours ago
  • Business

Minister condemns unilateral urea fertilizer price hike

Federal Minister for Industries and Production Rana Tanveer Hussain on Saturday has condemned the unilateral…

5 hours ago