ISLAMABAD – Pakistan’s export of goods to Afghanistan increased by 31.02 percent during July-May (2017-18) to US $1.402 billion against the export of goods worth $1.07 billion in same period of the preceding year, Associated Press of Pakistan (APP) reported on Monday.
According to the report, the import of goods from Afghanistan also witnessed an increase of 117.9 percent. It rose to $118.48 million in 11 months of previous fiscal year from $54.355 million in July-May (2016-17).
On yearly basis, the export of goods to Afghanistan increased to $119.571 million in May 2018, against the exports worth of $115.649 million in same month of previous year, showing an increase of 3.43 percent, APP report found.
The report added that the imports also witnessed an increase of 169 percent which rose to $10.683 million in May 2018 against the imports worth of $3.97 million in same month of last year.
“The export of services to Afghanistan during the period under review, also increased by 76 percent to $17.87 million during July-May (2017-18) against export of services worth $10.15 million during same period of last year,” the report read.
It also highlighted that total import of services from Afghanistan during the corresponding year increased to $13.58 million from $9.9 million during same period of the preceding year.
On yearly basis, the export of services declined from $727,000 in May 2017 to $502,000 in 2018, showing a decline of 30.9 percent, the report revealed. It also added that the import of services from Afghanistan witnessed an increase of 44.26 percent to $1.15 million in May 2018 from $0.641 million in same month of previous year.
