Exports to Central Asian Countries Grow by 21% in 8 Months of FY24

Pakistan exported goods worth over $158 million to five Central Asian countries during the first 8 months of financial year 2023-24, up by 21.17 percent compared to $130.45 million in the same period last year.The total value of Pakistan's exports to Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan has reached $158.07 million in 8MFY24, but despite this growth, imports from the region have declined by 18.5 percent to $17.4 million during the period in review.Pakistan's exports to Turkmenistan witnessed a slight decline of 6.33 percent, while imports jumped 113 percent during the period under review.Exports to Uzbekistan and Kazakhstan fell 11.55 percent and 85.74 percent.Pakistan's exports to Kyrgyzstan saw a significant increase of 129 percent, while imports declined by over 92 percent. Meanwhile, exports to Tajikistan experienced a slight decline of 6.87 percent, with imports also dropping by 23.3 percent.Overall, Pakistan's exports to Central Asian countries have shown promising g rowth, but there remains untapped potential in bilateral trade.Source: Pro Pakistani