ISLAMABAD: Imports of Pakistan from India are higher than exports as gap between the value of imports and exports has touched the figure of $ 158,646 in previous fiscal year.
Exports of Pakistan were of $327,496 and $ 408,365 in fiscal year 2012-13 and 2013-14 respectively. Whereas the Pakistani imports in corresponding period remained as $2,049,382 and $1,809,867.
The total volume of bilateral trade between Pakistan and India was $2,137,363 and $2,457,747 in fiscal year 2012-13 and 2013-14 respectively. The data showed that trade deficit was $ 1,482,371 in 2012-13 which increased to $ 1,641,017 in fiscal year 2013-14.
The import from India through Wagah land route was restricted to just 138 items as per Appendix G-1 of the Import Policy Order (IPO).
However, there is no restriction on imports through sea and Wagah rail routes, except items listed in Appendix-G of the IPO, which are banned for import from India (Negative List)” the source revealed.
