Islamabad November 5 2024: Pakistan’s export of goods and services to the United Kingdom (UK) witnessed an increase of 8.39 percent during the first quarter of the current fiscal year (2024-25) as compared to the exports of the corresponding quarter of last year, State Bank of Pakistan (SBP) reported.
The overall exports to the UK were recorded at USD 562.749 million during July-September (2024-25) against exports of USD 519.142 million during July-September (2023-24), SBP data revealed.
On a year-to-year basis, the exports to the UK also surged to USD 196.379 million in September 2024 against the export of USD 167.869 million in September 2023.
Meanwhile, on a month-on-month basis, the exports to the UK witnessed an increase of 7.27 percent during September 2024 as compared to the exports of USD 183.066 million in August 2024, the SBP data revealed.
Overall Pakistan’s exports to other countries witnessed an increase of 7.82 percent in the first three months, from USD 6.952 billion to USD 7.495 billion, the SBP data revealed.
On the other hand, the imports from the UK into the country during the months under review were recorded at USD 180.442 million against USD 187.938 million last year, showing a decrease of 3.98 percent in July-September (2024-25).
On a year-on-year basis, the imports for the US also decreased to USD 48.082 million in September 2024, against the export of USD 58.822 million in September 2023.
On a month-on-month basis, the imports from the UK into the country also decreased by 45.42 percent during September 2024, as compared to the imports of USD 88.107 million during August 2024, according to the data.
The overall imports into the country witnessed an increase of 15.71 per cent, from USD 12.288 billion to USD 14.219 billion, according to the data.
