Pakistan’s exports to China increased by 37.68 per cent

Pakistan’s export of goods and services to China witnessed an increase of 37.68 per cent during the first ten months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, Gwadar Pro reported quoting the State Bank of Pakistan (SBP) on Thursday.

The overall exports to China were recorded at $2.341 billion during July-April (2023-24) against the exports of $1.700 billion during July-April (2022-23), SBP data revealed.

Meanwhile a new air cargo route has been inaugurated to strengthen trade ties between China, Pakistan.

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According to China Economic Net (CEN), the route was launched with the departure of an all-cargo plane carrying 6 tonnes of freight, including clothing, electronics, and various commodities, from Guiyang, the capital of Guizhou.

 After nearly six hours of flight time, the plane arrived in Karachi. It will return to Guiyang loaded with blue crabs from Pakistan, according to Guiyang Customs.

This air route is significant as it marks the first direct connection between Guizhou and Pakistan, as well as the first air freight route linking the province with a Belt and Road Initiative (BRI) country.