LONDON: Exports to the United Kingdom have increased by approximately 17% to $684.09 million during the first half of 2011 compared with the same period last year, according to a statement issued by Pakistan High Commission in the UK.
Significant export growth was witnessed in fruits, vegetables, cereals, spices, pharmaceutical products, carpets, cement, musical instruments, articles of apparel & clothing accessories among others.
Total trade was recorded at $1.11 billion during January to June 2011 with an increase of approximately 20% from the preceding year’s $922.98 million.
Pakistan and the UK are committed to increasing bilateral trade from $1.64 billion in 2010 to $4.08 billion by 2015, which accounts for an annual increase of 20% in bilateral trade and the first six months figures of 2011 show that Pakistan is on track for achieving this target, adds the statement.
Pakistan imports from the United Kingdom were also up by 25% amounting to £257.29 million ($420.18 million).
Published in The Express Tribune, August 23rd, 2011.