Pakistan’s exports to China increased by 3.97%

Pakistan, exports, China, increased, 3.97%

ISLAMABAD: Pakistan’s exports to China during first eight months of current fiscal year have increased by 3.97 percent as compared to same period of last year.

The exports from Pakistan to China during the period under review increased to 1.15 billion dollars as compared to the exports of 1.106 billion dollars recorded during Jul-Feb 2017-18.

The trade deficit between the two countries has also decreased to 5.478 billion dollars in July-February 2018-19 as compared to the trade deficit of 6.22 billion dollars in same period of the preceding year.

On March 30, the first meeting of China-Pakistan Forestry Working Group was held in Beijing to identify priority areas for cooperation in forestry sector between the two countries, Radio Pakistan had reported.

The meeting was attended by officials of China’s National Forestry and Grassland Bureau International Cooperation Department and Pakistan’s Climate Change Department.

Officials from either side had discussed prospects for cooperation in wetland restoration, desertification control, wildlife protection and other pertinent fields and issues.

The meeting was part of a Memorandum of Understanding between the two countries, signed in November last year, which called for identifying priority areas for cooperation in forestry.

Pakistan and China continue to enjoy strengthened bilateral relations from economic platform to cultural bond. A day earlier, Chinese cities Urumqi, Puyang and Xi’an were named as sister cities to Karachi, Gwadar, and Multan, respectively, at a forum held in Beijing to fortify the ties of all-weather ally countries.

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