Islamabad: The U.K. remains among Pakistan’s top five export destinations with balance of trade in favour of Pakistan. Exports from Pakistan to the United Kingdom increased by approximately 19% and accounted a value of £659.62 million during the first 9 months i.e. January-September of the calendar year 2011 as compared to the corresponding period of the last year, says a press release received from London here today.
There was a significant export growth seen in fruits, vegetables, cereals, spices, pharmaceutical products, articles of base metal, carpets, cement, musical instruments, articles of apparel and clothing accessories, etc.
The total trade during January – September 2011 was recorded at £1.04 billion with an increase of approximately 17% as compared to total trade of £894.47 million during January – September 2010. Pakistan imports from the United Kingdom were also up by 13% amounting to £383.90million.
Approximately 20% export growth is in line with the commitment made by both governments to double the bilateral trade from £1.1 billion to £2.5billion by the year 2015.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326