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Exports to India grow despite border tensions

India

Islamabad, April 14: The Balance of Trade (BOT) between Pakistan and India has no impact after the mounting tension on the border from the beginning of the current fiscal year, said by media report.

A report by the State Bank of Pakistan (SBP) revealed that Pakistan grew its exports to India on a high scale while curtailing imports by 23 per cent, Dawn online reported.

According to trade analysts, poor political relations seem to have little impact on bilateral relations between both the countries .

After growing by 14 per cent, exports from Pakistan to India amounted to $286 million in the July-February period. Imports from India fell 23 per cent to $958.3 million from $1,244 million, the SBP report said.

High cement demand in Pakistan improved exports to India.

“A slight consolation was continued strong demand for Pakistani cement from India. This partially offset the declines witnessed in the two other major markets,” the SBP report said.

Pakistan recorded a trade deficit of $672 million initially with India as compare to $993 million in the last year.

SBP reported, Import of Pakistan was $1.8 billion in 2015-16 compared to the exports of just $400 million.

Wefornews Bureau

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