Pak. loses $7 bn. by avoiding India goods

  1. Source: ‘Costs of Non-Cooperation’ study by Research and Information System for Developing Countries (RIS)
  2. Findings: Pakistan suffered a loss of about $7 billion in 2014 by importing items from other countries at a higher cost instead of sourcing them from India
  3. The loss is substantial considering Pakistan’s GDP (nominal, 2015) is only about $270 billion
  4. Many products that Pakistan imported from third countries were at least three times more costly than the price of the same item from India in export markets
  5. Lessons for Pak: The objective of the study is to show Pakistan that they can save on the foreign exchange front if they cooperate in South Asia
  6. Pak’s trade scenario: It is a net-importing nation with a trade deficit of $22 billion in 2015
  7. In 2015, it imported around $44 billion, while it exported only items worth $22 billion
Foreign Policy Watch: India-Pakistan
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