A strong expansion of 156 percent has been registered in Pakistan's exports to India in first three months of this financial year.
The statistics showed that from July to September this fiscal, Pakistan's exports to India rose to 64.37 million dollars as against 25.11 million dollars exports during the same period of last fiscal.
Country's exports to the India expanded by 39.26 million dollars in first quarter of this fiscal, media said.
Pakistan's exports of vegetable, petroleum and some traditional categories of textile items recorded a remarkable growth in this fiscal year.
From July to September this fiscal, vegetables exports to India accounted for 19.606 million dollars as against 0.71 million dollars in the corresponding months of previous fiscal year.
The export of oil from petrol and bituminous mineral was 22.70 million dollars in this fiscal in comparison with 7.823 million dollars exports of these items in last fiscal during July-September period.
Other traditional exports of Pakistan to the said neighbouring country were wall cover, goat/kidskin leather, wool, yarn, cotton waste, woven cotton fabrics, terry fabrics, tufted textile fabric, labels, badges, etc.
From the last financial year, it is evident that bilateral trade of the two countries has started increasing fast.
The bilateral trade between Pakistan and India has expanded to 835 million dollars for the first time in 2004-05. The mutual trade between Pakistan and India had increased by 359.41 million dollars in last fiscal year compared to its previous fiscal year, 2003-04. This was an expansion by 75.49 percent.
Pakistan's imports from the neighbouring country had increased by 165.09 million dollars or 43.17 percent over 2003-04, while country's imports were only 382.36 million dollars.
However, there has been a notable growth of 194.45 million dollars or 207 percent in Pakistan's exports to India.
marketing@alchempro.com
