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“Pakistan’s exports to China increased by 37 per cent”

Durrak

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Oct 18, 2009
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BEIJING: From January to December 2010, Pakistan’s exports to China increased by nearly US $ 500 million and their overall growth rate was 37.4 per cent.

According to the figures released by China Customs, the total Pakistani exports to China last year were US $ 1.7 billion compared to US $ 1.2 billion in 2009.

Since 2006, Pakistani exports to China has been gradually climbing. The total volume of Pakistan-China trade rose by US $ 2 billion to US $ 8.7 billion approximately.

Last year, textiles, ores and mineral products, leather, chemicals and plastics, sports goods, iron and steel, surgical instruments showed the trend of faster growth rates.

In 2010, Pakistan’s imports from China also increased by US $ 1.4 billion and the total volume of imports from China stood at US $ 6.9 billion. The trade deficit right now for Pakistan is US $ 5.2 billion.

“The two governments have agreed on a series of measures to reduce the trade deficit” said Ambassador Masood Khan on Friday adding that in this regard, China would be sending purchase missions to Pakistan to identify suitable Pakistani products for Chinese markets.

He pointed out that Pakistani traders and businessmen will be attending major trade exhibitions in Kunming, Guangzhou, Xi’an, Urumqi, Kashghar, Dalian, and Beijing.

Trade seminars would also be held to create greater space for Pakistani products in China.

Meanwhile, Pakistan has requested assistance from China in vocational and technical training in the areas of value added textiles, gems and jewelry, ceramics, surgical instruments, leather and light engineering.

At the last meeting of the Free Trade Commission (FTC), China agreed to consider the proposal and invite Pakistan to identify specific training needs in these areas.

Pakistan has also requested China to give unilateral tariff concessions to 268 Pakistani product lines.

Pakistan is the second largest trading partner of China in South Asia.
 
Great :)
Would have been better if the overall exports increased at this rate.

If the money is used wisely, we can achieve this rate soon :)

Regards.
 
extremely glad to hear that

Now our local traders + overseas Pakistanis must trust their own country and establish industries in Pakistan. This is the only way we can have respectable volume of bilateral trades with China and other nations.
 
my father's friend is chinese muslim living in kuwait he came pakistan last year in oct he took a mountain of LEAD on lease near chitral valley mining will start in this summer dnt knw exact time we are holding his supply chain in pakistan to deliver it to karachi port machinery for mining and other stuff is coming from china in march or april :)



:china::china::pakistan::pakistan: long live pak china friendship
 
If you look carefully exports are up by $500 million but imports are up by $1.4 billion. So actually trade gap has increased further. Just the deficit is three times your exports. Going further if not attended, it would devalue Pakistani rupee even more.

Did you know that China and Pakistan signed a Free Trade Agreement way back in 2006 ?
 
These days I am noticing more and more chinese enjoying Pakistani food..this was an impossible sight few months ago..Now i go to my chinese friend house who is a professor as KAU and he serves me Roh Afza??
 
Now you are trolling every where. I made a comment relevant to current topic. You are just being petty and idiotic.

Never you mind your pretty little head about what I say. Now try to explain your PM's trolling that cause both the bond and the forex market to plunge on India.
 
Never you mind your pretty little head about what I say. Now try to explain your PM's trolling that cause both the bond and the forex market to plunge on India.

Is that even relevant to this thread? What is it that you can't understand? Our PM raised concern about India's inflation, so the market reacted to it. It's a temporary situation. They'll be back to normal in the coming days. India is also wary about trade imbalance with China. They are taking steps towards it. Same can't be said about Pakistan.

Anyways, I know you'd come up with an idiotic comment again..don't know why I bother..
 

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