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Trade with Pakistan reached all-time high in 2018; US Congress told - Zameen News

Trade with Pakistan reached all-time high in 2018; US Congress told

June 15, 2019 • news

Washington: The Congress has been told by the Trump administration that bilateral trade between Pakistan and the United States reached an all-time high in 2018, according to a news source.

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Washington also lauded and endorsed the fact that Pakistan’s federal budget for 2019-20 emphasised on building an economic relationship ‘through trade rather than aid’.

This announcement was made at a hearing on the State Department’s 2020 budget requests for the Central and South Asian regions.

Alice G Wells, Senior State Department Official for South and Central Asian Affairs, brought this change to attention as a written statement to the House Foreign Affairs Subcommittee for Asia, the Pacific, and Non-proliferation.

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She revealed that in 2018, bilateral trade between the two countries reached an all-time high of over USD 6.6 billion, with the trade deficit sinking to 2%, or USD 782 million. In addition, US exports to Pakistan also rose by 4% to USD 2.9 billion.