KARACHI: Pakistan’s imports from China and the United States of America have reduced significantly. The imports from Germany and Singapore have also been affected.
The country’s imports from China and USA now stands at $7.6 billion and $1.3 billion respectively.
The reduction became visible after the steps of government to decrease the ever-increasing imports bill.
As per the facts and figures released by the State Bank of Pakistan, Pakistan’s imports have reduced by 52 percent from Japan and Thailand. Meanwhile, imports decreased by 42, 29 and 12 percent from South Korea, Malaysia and Saudi Arabia. China and Switzerland have given Pakistan 37 percent fewer imports.
In the ongoing financial year, Pakistan’s imports have declined by 21 percent with a total of $37.3 billion. Last year, imports stood at $47.3 billion.
There was a 21 percent decline in the imports from the USA which stood at $1.4 billion; 52 percent reduction in imports from Japan and Thailand with a total of $0.65 billion and 0.49 billion respectively.
Germany’s imports stood at $0.83 billion; Saudi Arabia’s imports registered a total of $0.31 billion and UAE’s imports of $0.11 billion.
However, it is interesting to note the country witnessed an increase of imports from Qatar, Indonesia, and Kuwait.
