LAHORE: Despite tensions following the Pulwama incident and downing of an Indian Air Force jet, the border trade between the two arch rivals did not see much change and witnessed a six per cent decline during the first 10 months of this fiscal year.
However, Pakistan’s exports to Afghanistan plunged by 25pc, damaging the country’s potential for higher exports across the Durand Line.
According to the latest report of State Bank of Pakistan, the trade volume of the two countries (Pakistan and India) was $1,699 million during July-April FY19 compared to $1,820m in the same period in last fiscal year, showing a decline of 6.6pc.
However, trade remained in favour of India as its exports to Pakistan were much bigger than imports. Pakistan’s exports to India declined by $39m to $298m and imports by $82m to $1,401m during the 10 months period.
