Pakistan’s imports from the US stood at $87.3 million in March 2024, down 50 percent compared to imports of $174.7 million reported in the same month of the previous year.
During July-March FY24, Pakistan’s imports from the US stood at $933.6 million, down 44 percent compared to imports of $1.68 billion reported in the same period of the previous fiscal year, according to data obtained by ProPakistani.
However, Pakistan’s exports to the US rose by 2 percent to $430 million compared to exports of $421 million reported in the same month of FY23. During July-March FY24, the country’s exports to the US stood at $3.89 billion down 2.5 percent compared to exports of $3.99 billion reported in the same period of FY23.
Overall, the country’s exports increased by 7.99 percent on a YoY basis and stood at $2.555 billion in March 2024 compared to $2.366 billion in March 2023. The imports increased by 25.86 percent on a YoY basis and stood at $4.726 billion in March 2024 compared to $3.755 billion in March 2023
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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Jurisdiction: Pakistan