Pakistan sees significant increase in imports from Iran

Pakistan’s imports from Iran have witnessed a substantial surge, with a 47 per cent increase on a yearly basis, ARY News reported citing government sources. According to details, the country’s imports from Iran stood at $533 million from July to November 2024, up from $398 million during the same period last year. The first five months of the fiscal year saw a 34 percent increase in imports from Iran. In November 2024 alone, the volume of imports from Iran reached $129.7 million, marking a significant rise from $88.4 million in November 2023. Earlier, it was reported that Pakistan rice exports increased by 35.40 percent during the first five months of the current fiscal year (2024-25) in comparison to the exports of the same period last year. According to data from the Pakistan Bureau of Statistics (PBS), more than 2.377 million metric tons of rice, including basmati rice and other types, were exported between July and November 2024, valued at $1.515 billion. This is in contrast ...