Trade Between Pakistan And India is at its Height
The tensions between Pakistan and India are at its peak after many months of unrest in Occupied Kashmir and clashes on Line Of Control (LOC) but the trade between the two countries are also at the peak.
Report published by State Bank of Pakistan revealed that Pakistani exports to India last year grew by 14% making the total exports to India $286 million, still it was far below the imports from India which amounts to $958.3 million.
Previously the exports were even lower but the greater cement demand from India increased the exports, while imports decreased by 23% but is still 3 times to Pakistani exports.
Currently the trade deficit with India is $672 million which is not a good sign for Pakistan’s economy. While Indian imports to Pakistan are highest in the last 5 years despite the volatile situation at the border.