Islamabad: In a remarkable economic achievement, Pakistan has witnessed a staggering 100% increase in its exports to China. According to the latest report from the Trade Development Authority of Pakistan, the total value of Pakistan’s exports to China in September 2023 soared to $350 million, marking a significant leap from the $174 million recorded during the same month in the previous financial year.
Impressive Growth Trends
The report highlighted that Pakistan’s total exports to all partner countries worldwide in September amounted to $2.46 billion. Among These, China emerged as a pivotal trading partner, contributing $14.20 million to this significant economic stride. During the first quarter of the fiscal year 2023-24, Pakistan’s exports to global partners reached an impressive $6.89 billion. Notably, the volume of exports to China stood at $729.7 million, accounting for a substantial 10.00% of Pakistan’s total exports and a remarkable 57% increase.
Strengthening Bilateral Ties
This substantial increase in exports underscores the strengthening economic ties between Pakistan and China. The surge in trade volumes not only augments Pakistan’s economic stability but also fosters collaborative growth between the two nations. As Pakistan continues to diversify its export portfolio, China remains a key partner in this journey, contributing significantly to the country’s economic prosperity.
As these positive trends continue, both nations are poised to explore new avenues for cooperation and trade, ushering in a new era of economic collaboration. Stay tuned for more updates on this burgeoning economic partnership.