The UK remains among Pakistan's top five export destinations with balance of trade in favour of Pakistan. Exports from Pakistan to the UK increased by approximately 19% and accounted a value of £ 659.62 million during the first 9 months ie January-September of the calendar year 2011 as compared to the corresponding period of the last year.
According to a statement issued here on Tuesday, there was a significant export growth seen in fruits, vegetables, cereals, spices, pharmaceutical products, articles of base metal, carpets, cement, musical instruments, articles of apparel & clothing accessories, etc.
The total trade during January - September 2011 was recorded at £ 1.04 billion with an increase of approximately 17% as compared to total trade of £ 894.47 million during January - September 2010. Pakistan imports from the UK were also up by 13% amounting to £ 383.90million. Approximately 20% export growth is in line with the commitment made by both the governments to double the bilateral trade from £ 1.1 billion to £ 2.5billion by the year 2015.-PR