Pakistan’s trade volume with India, Iran and Afghanistan

BusinessPakistan’s trade volume with India, Iran and Afghanistan

The following is the data of Pakistan’s trade volume in terms of imports and exports with its neighboring Countries i.e. Iran, Afghanistan, and India;

The trade statistics with Iran are given as under:Pakistan’s trade volume - The following is the data of Pakistan’s trade volume in terms of imports and exports with its neighboring Countries i.e. Afghanistan, Iran, and India; The trade statistics with Iran are given as under:  The decrease in the exports of Pakistan to Iran over the years is owing to the following reasons: Absence of Banking Channel with Iran amidst US Sanctions on Iran. Closure of Border with Iran owing to prevailing COVID-19 pandemic from March 16, 2020 to May 15, 2020. The seasonal ban imposed by Iran on Pakistani Rice. High Tariff and non-Tariff barriers being imposed by Iran on Pakistani exports. The trade statistics with Afghanistan are given as under:  The decrease in volume of trade with Afghanistan over the years is owing to the following reasons: Recent Closure of Border with Afghanistan owing to prevailing COVlD-19 pandemic from March 15, 2020. However, the border is now opened for exports of Pakistan to Afghanistan and Afghan Transit Trade for 6 days a week. Luke warm support from Afghanistan for entering into the trade liberalization regime with Pakistan. The demand of exports of Pakistan to Afghanistan has also declined owing to the withdrawal of NATO forces from Afghanistan. The ban imposed by Afghanistan on exports of culling birds from Pakistan. The trade statistics with India are given as under:     The conspicuous decrease in the exports of Pakistan to India compared to the last year is owing to the following key reasons: The imposition of 200% duty by India on its imports from Pakistan since February 16, 2019 in wake of Pulwama attack. The suspension of trade by Pakistan with India (except therapeutic products) since August 9, 2019 as a response to the revocation of Article 370 by India on August 5, 2019.

   

The decrease in the exports of Pakistan to Iran over the years is owing to the following reasons:

  1. Absence of Banking Channel with Iran amidst US Sanctions on Iran.
  2. Closure of Border with Iran owing to prevailing COVID-19 pandemic from March 16, 2020 to May 15, 2020.
  3. The seasonal ban imposed by Iran on Pakistani Rice.
  4. High Tariff and non-Tariff barriers being imposed by Iran on Pakistani exports.

The trade statistics with Afghanistan are given as under:Pakistan’s trade volume – The decrease in volume of trade with Afghanistan over the years is owing to the following reasons: Recent Closure of Border with Afghanistan owing to prevailing COVlD-19 pandemic from March 15, 2020. However, the border is now opened for exports of Pakistan to Afghanistan and Afghan Transit Trade for 6 days a week. Luke warm support from Afghanistan for entering into the trade liberalization regime with Pakistan. The demand of exports of Pakistan to Afghanistan has also declined owing to the withdrawal of NATO forces from Afghanistan. The ban imposed by Afghanistan on exports of culling birds from Pakistan.

The decrease in volume of trade with Afghanistan over the years is owing to the following reasons:

  1. Recent Closure of Border with Afghanistan owing to prevailing COVlD-19 pandemic from March 15, 2020. However, the border is now opened for exports of Pakistan to Afghanistan and Afghan Transit Trade for 6 days a week.
  2. Luke warm support from Afghanistan for entering into the trade liberalization regime with Pakistan.
  3. The demand of exports of Pakistan to Afghanistan has also declined owing to the withdrawal of NATO forces from Afghanistan.
  4. The ban imposed by Afghanistan on exports of culling birds from Pakistan.

The trade statistics with India are given as under:Pakistan’s trade volume – The conspicuous decrease in the exports of Pakistan to India compared to the last year is owing to the following key reasons: The imposition of 200% duty by India on its imports from Pakistan since February 16, 2019 in wake of Pulwama attack. The suspension of trade by Pakistan with India (except therapeutic products) since August 9, 2019 as a response to the revocation of Article 370 by India on August 5, 2019.

The conspicuous decrease in the exports of Pakistan to India compared to the last year is owing to the following key reasons:

  1. The imposition of 200% duty by India on its imports from Pakistan since February 16, 2019 in wake of Pulwama attack.
  2. The suspension of trade by Pakistan with India (except therapeutic products) since August 9, 2019 as a response to the revocation of Article 370 by India on August 5, 2019.

Note: The above data was shared with the Senate on June 5, 2020 by the Minister for Commerce and Textile in response to a question by Senator Muhammad Ayub.

 

Tags: Pakistan’s trade volume

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Jafaa drama

Jafaa Drama Cast, Plot, Release Date, Timings, and More

0
Jafaa is coming on HUM TV under the production of MD Productions. It is a romance drama serial with a talented star cast including...

Planners, perpetrators, abettors, and facilitators of 9th May need to be brought to justice:...

0
RAWALPINDI, Pakistan: The Chief of Army Staff (COAS) General Syed Asim Munir on Thursday presided over the 83rd Formation Commanders Conference at General Headquarters...

Pakistan, Azerbaijan FMs review entire spectrum of bilateral ties

0
ISLAMABAD, Pakistan: The Foreign Minister of Azerbaijan Jeyhun Bayramov held a meeting with the Deputy Prime Minister and Foreign Minister Ishaq Dar at the...
Does Imran Khan enjoy telephonic services to contact outside the jail?

Does Imran Khan enjoy telephonic services to contact outside the jail?

0
Islamabad, Pakistan: The latest interview of former prime minister Imran Khan published by a news organization on May 29, 2024, indicates strong possibilities that...

Kiran Haq Biography | Age, Career, Family, Drama List, and More

0
Among the many beautiful Pakistani actresses is Kiran Haq who is beautiful and extremely talented. She began her acting career in 2011 with drama...
Advertisement