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In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
Contrastingly, greater exports from China than from Pakistan caused Pakistan's trade deficit with China to rise from 25% in 2007 to 35% in 2018, or around $13 billion. [ 8 ] [ 10 ] [ 11 ] Phase one also received criticism from domestic producers and business groups in Pakistan.
Goods imported to Pakistan; Goods purchased in bond from one custom station to another; Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
Nepal has 1,257 for the LDCs and 1,295 for the non-LDCs. Nepal has reduced its list by 259 from its previous list of 1295. Now it's 1036, said joint secretary at Ministry of Commerce and Supplies. [8] The Maldives has 681 for all seven SAFTA nations. Pakistan had 1,169 in its sensitive list but has cut its sensitive list by 20% to 936. [9]
M/s China Zhenhua Import and Export Co Ltd The Gwadar–Kashgar Crude Oil Pipeline is a planned initiative intending to build a crude oil pipeline connecting Gwadar , Pakistan to Kashgar , China. The project has approximated an investment of a substantial amount, around $10 billion, for the pipeline's construction.
2003 – Pakistan and China signed a $110 million contract for the construction of a housing project on Multan Road in Lahore. [106] 2006 – China and Pakistan sign a free trade agreement. 2007 – The Sino-Pakistani joint-ventured multirole fighter aircraft – the JF-17 Thunder (FC-1 Fierce Dragon) is formally rolled out.
Bilawal Bhutto Zardari accused UN Human Rights Office report on Xinjiang were “taken out of context”, [47] and Pakistan supports China's activities for socio-economic development, harmony and peace, and stability. [48] A cornerstone of the success of China's Belt and Road Initiative (BRI) is the China-Pakistan Economic Corridor (CPEC). CPEC ...
Pakistan manufactures and sells weapons to over 40 countries, including European customers, generating $620 million annually. The country's sophisticated arms imports increased by 119 percent between 2004–2008 and 2009–13, with China providing 54 percent and the USA 27 percent of Pakistan's imports.