INP-WealthPk
Pakistan Exports to China Witness 51.27% Increase in 9MFY22
May 11, 2022
By Jawad Ahmed ISLAMABAD, May 11 (INP-WealthPK): The fast development of the China- Pakistan Economic Corridor (CPEC) and special economic zones (SEZs) has boosted commercial connections between Pakistan and China in recent years. Comprehensive investment in different sectors of Pakistan's industries and export promotion policy has increased the country's export capabilities. As a result, Pakistan's exports to China have increased significantly, WealthPK reports. Pakistan’s exports of goods and services to China have witnessed an increase of 51.27% during the nine months of the fiscal year 2021-22 (9MFY22), as compared to the corresponding period of last year, the State Bank of Pakistan (SBP) data shows. According to the central bank, overall exports to China recorded $2.127 billion during July-March FY22 as against $1.406 billion during the corresponding period of FY21, showing a growth of 51.2%.