Pakistan’s trade with Germany posts surplus of 2.68%: SBP
ISLAMABAD: Pakistan’s goods and services trade with Germany witnessed a surplus of 2.68 per cent during the fiscal year 2020/21, compared with the corresponding period of the last year, the central bank reported.
The overall exports to Germany were recorded at $1.511 billion during July-June 2020/21 against the exports of $1.302 billion during July-June 2019/20, showing a growth of 15.98 per cent, the data of the State Bank of Pakistan (SBP) showed.
Meanwhile, on a year-to-year basis, the exports to Germany during June 2021 also increased 31.87 per cent, from $110.212 million as against the exports of $145.342 million.
On a month-on-month basis, the exports to Germany rose 20.53 per cent during June 2021, compared with the exports of $120.577 million in May 2021, the data revealed.
Overall, Pakistan’s exports to other countries witnessed a growth of 13.72 per cent during FY 2020/21 to $25.629 billion from $22.536 billion, it said.
Similarly, imports from Germany during the period under review were recorded at $1.148 billion against $949.280 million last year, showing an increase of 20.93 per cent during FY 2020/21.
Meanwhile, on a year-on-year basis, the imports from Germany during June 2021 also rose 60.74 per cent to $129.955 million from $80.843 million last year.
On a month-on-month basis, the imports from Germany increased 5.50 per cent during June 2021, compared with the imports of $123.180 million in May 2021, the SBP data showed.
The overall imports into the country increased 23.23 per cent to $53.784 billion from $43.645 billion, the data revealed.
The trade surplus during the period under review was recorded at $363.192 million against $353.711 million during the same period of the last year, showing a growth of 2.68 per cent.
ECB President allotted a ‘Suspicious’ caution over cryptocurrencies
Bitcoin (BTC) and cryptocurrencies have shattered in value over the previous year,...
Cryptocurrency Holders claiming Apple over ‘Fake’ Wallet Application Scam
Apple however still remains sued for damages caused by a supposedly fake...
John Paulson: ‘I wouldn’t recommend anyone invest in cryptocurrencies’
John Paulson, billionaire hedge fund manager remains opposite strongly in investing in...
Today Gold Rate in UAE for, 19th Sept 2021 (Dubai)
Dubai: Today Gold Rate in UAE (19th September 2021) today 24 Carat is...
UAE Dirham to PKR: Today AED TO PKR Open market on, 19th Sept 2021
KARACHI: Today (UAE Dirham to PKR) exchange rate in Pakistan’s currency market...