![history has shown that import substitution does not yield successful outcomes by the end of the 20th century almost all countries abandoned these policies in favour of export led growth photo file history has shown that import substitution does not yield successful outcomes by the end of the 20th century almost all countries abandoned these policies in favour of export led growth photo file](https://i.tribune.com.pk/media/images/11718564789-0/11718564789-0.jpg)
Pakistan's exports to seven regional countries saw a 25.59% increase in the first month of the current fiscal year (2024-25), reaching $339.88 million14.21% of the total $2.39 billion in exports during July, according to the State Bank of Pakistan (SBP).
China was the largest export destination, with exports rising by 4.13% to $160.1 million, up from $153.75 million last year. Exports to Afghanistan surged to $88.07 million from $42.17 million, while exports to Bangladesh grew by 8.65% to $57.87 million.
Sri Lanka saw a significant 59.86% increase in exports, reaching $32.72 million. However, exports to India dropped to $0.005 million from $0.019 million last year.
On the import side, Pakistan's total imports from the region jumped by 51.54%, totalling $1.51 billion. Imports from China rose 53.49% to $1.48 billion, while imports from Afghanistan increased by 55.02% to $1.40 million. Imports from India slightly decreased to $17.76 million, and imports from Sri Lanka declined by 21.52% to $4.17 million.
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