{"id":56472,"date":"2024-02-05T06:49:03","date_gmt":"2024-02-05T06:49:03","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/pakistans-exports-to-china-up-by-46pc-in-7-months\/"},"modified":"2024-02-05T06:49:03","modified_gmt":"2024-02-05T06:49:03","slug":"pakistans-exports-to-china-up-by-46pc-in-7-months","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pakistans-exports-to-china-up-by-46pc-in-7-months\/","title":{"rendered":"Pakistan\u2019s exports to China up by 46pc in 7 months"},"content":{"rendered":"
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ISLAMABAD: Pakistan\u2019s export of goods and services to China witnessed an increase of 46 percent during the seven months (July to January), ARY News reported citing sources.\u00a0<\/strong><\/p>\n

According to sources, the overall exports to China were recorded at US $1.7214 billion during July-January (2023-24) against exports of US $1.18 billion during July-January (2022-23).<\/p>\n

On the other hand, the imports from China into the country during July-January were recorded at US $7.71 billion against US $7.66 billion last year, sources added.<\/p>\n

On January, Pakistan\u2019s export<\/a> of goods and services to China witnessed an increase of 39.44 per cent during the first five months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported.<\/p>\n

The overall exports to China were recorded at US $1223.532 million during July-November (2023-24) against exports of US $877.444 million during July-November (2022-23), SBP data revealed. On a year-to-year basis, the exports to China also surged by 36.29 per cent from $199.058 million in November 2022, against the exports of $271.316 million in November 2023.<\/p>\n

It is pertinent to mention here that China earlier \u201cagreed\u201d on a rollover of $2 billion debt to Pakistan.<\/p>\n

According to sources with the finance ministry, the $2 billion debt will be rolled over before the maturity date on the existing conditions.<\/p>\n

Sources said that less than 2 percent interest will be applied on the deposit of $2 billion debt from China.<\/p>\n<\/p><\/div>\n