close
Tuesday November 05, 2024

Imports from Iran rise by 38pc in first quarter

According to government the volume of imports from Iran during first quarter of this fiscal year was $308.5M

By Rana Ghulam Qadir
November 05, 2024
In this picture, trucks are seen parked along a road in between mountains. — AFP/File
In this picture, trucks are seen parked along a road in between mountains. — AFP/File

ISLAMABAD: Pakistan’s imports from Iran increased by 38 percent in the first quarter of the fiscal year, and by 37 percent on a year-on-year basis in September.

According to government sources, the volume of imports from Iran during the first quarter of this fiscal year from July to September was $308.5 million and in the same period last fiscal year, the volume was $223.1 million. Sources say that in September 2024, imports from Iran increased by 37 percent on an annual basis, after which the volume of imports from Iran in September was $99.6 million, while in September 2023, imports from Iran were $73 million.

According to government sources, Pakistan’s exports to Iran remained zero during the last three financial years and the main reason was the closure of banking channels due to US sanctions.