Abdul Razak Dawood said, "The Pakistani Prime Minister has said that all steps should be taken to import cotton yarn from across the border, including the import of cotton through transport, so that the yarn can be made as soon as possible To reduce pressure on trade and keep pace with exports. Let us know that Pakistan imports large quantities of cotton from India. In 2018-19, Pakistan has raised more than $ 550.33 million ($ 55 million) from India. Had imported cotton.
In addition, organic chemicals worth more than $ 457.75 million ($ 457 million) were also imported from India by the neighboring country. The import of all these products constitutes half of Pakistan's imports from India. However, in 2019-20, India's cotton exports to Pakistan had dropped very fast and only $ 64 million ($ 6.4 million) was traded. As far as sugar is concerned, trade experts believe that both countries have long been This is the result of dependence on each other and lack of sugar in Pakistan is also a reason. Interestingly, between July-February 2020-21, Pakistan's sugar imports increased by 6,296 percent to 278,733 MT, compared to 4,358 MT during the same period in the financial year 2019-20. Talking about the price, Pakistan has spent more than $ 126.99 million (about $ 12 million) on the import of sugar.
On March 2, Dawood shared Pakistan's trade data, tweeting, "This year also the expenditure on imports has increased, because to control the market price we have to import wheat and sugar as well." Professor Nisha Taneja, India's Regional Trade Affairs Specialist at the Indian Council for Research on International Economic Relations, said, "There has been a dependence between the two countries on sugar. One thing is that Pakistan also produces sugar and so does India. , If there is a shortage of sugar in them, then India supplies and if there is a shortage in us, Pakistan supplies it. "
He said, "We have a very small list of products to import from Pakistan, even then agricultural products are at the top of Pakistan's import list." Prior to cotton and sugar, in May 2020, Pakistan approved the import of medicines and other medical equipment from India, so that supplies of essential medicines and equipment could continue during the Corona virus epidemic. After India has approved the export of cotton and sugar, now Pakistan will import 3 products from India on a large scale.
Explain that between April 2020 to January 2021, Pakistan imported organic chemical and pharmaceutical products worth $ 183.18 million (over 183 million dollars) from India.