On this monetary 12 months, Pakistan’s dependence on imports from America has decreased significantly.
Sources of the Ministry of Commerce say that there was a 50% lower in imports from the US in March 2024 on an annual foundation, and 44% lower in imports from the US from July to March of this monetary 12 months.
In March 2024, the quantity of imports from America was 87.three million {dollars}, in March 2023, imports from America have been 174.7 million {dollars}.
On this monetary 12 months, July to March, the imports from America have been 93.36 million {dollars}, whereas the quantity of imports from America in the identical interval final 12 months was 1.68 billion {dollars}.
In March, Pakistani exports to the US elevated by 2.1% on an annual foundation. Final month, Pakistani exports to the US stood at 430 million {dollars}, whereas in March 2023, the quantity of Pakistani exports to the US was 421.eight million {dollars}.
Exports from America decreased by 2.5% from July to March of this fiscal 12 months. Within the first 9 months of this fiscal 12 months, the quantity of exports to America was three billion 89 million {dollars}. In the identical interval final 12 months, exports to America have been three billion 99 million {dollars}. .
