Coinciding with the change in government in Pakistan in April, the country ramped up its imports from India despite Islamabad's ban on trade with its eastern neighbour.
India's exports to Pakistan more than doubled to $142 million in the April-May period, from $70 million during the same period a year ago, trade data available on the commerce ministry website showed. There were sugar exports worth $86 million during the period under review.
During the first two months of FY23, Pakistan imported 282 items from India, of which 67 were pharmaceutical products. Besides sugar and pharmaceutical products, Pakistan imported organic chemicals, apparel and textiles, mineral fuels, coffee, tea, spices, rubber, fruits and vegetables, plastics, iron and steel, and matchboxes, among others.
The president of Pakistan Muslim League-Nawaz (PML-N), Shehbaz Sharif, took over as prime minister of Pakistan on April 11, after the Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government was ousted from power following the no-confidence motion in the National Assembly.
This story is from the July 26, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 26, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
G7's coal phaseout move may impact COP29, G20 talks
The Group of Seven (G7) developed economies, ☐ in the recent meeting of its Climate, Energy, and Environment Ministerial, has decided to phase out unabated coal during the first half of the 2030s.
Small (car) is beautiful
The Indian passenger vehicle industry has had a stellar year.
10 stocks that get institutional seal of approval
Equity investments by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) in the Indian market have shown a mixed trend over the past six months.
Declare chronic ailments with insurers willing to cover them
By paying extra premium, you can reduce waiting period for pre-existing conditions
Deal valuations weigh on Apollo Hospitals stock
Brokerages believe the transaction is positive despite valuation concerns
Havells: Positive outlook priced in
Good results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) and the promise of seasonal demand for cooling have led to a positive outlook on Havells.
BSE now corners a fifth of derivatives mkt share
From 0 to 21% in less than a year, the bourse is making further strides
Unfavourable conditions
Workplace culture remains hostile for women
A Chinese invasion of the auto landscape
As seen in Australia, tariff cuts may have an unwelcome outcome for domestic car makers
Dr Subbarao's book of revelations
In 1974, a bright young assistant collector from the Indian Administrative Service (IAS) did something that, by his own admission, was not straightforward.
