KARACHI: Prevailing tension between India and Pakistan has led to lower bilateral trade volume between the two countries by 17 percent as compared to previous year.

Trade volume in this year has been recorded as 17 pc low as compared to last year.

According to state bank of Pakistan, during the time period of month July to February bilateral trade volume has been recorded as 1.24  billion dollar this year while this bilateral trade volume stood at  1.49 billion dollars during the first seven months of  last financial year.

Goods  worth Rs 958.30 million dollars was sent by India to Pakistan during the period of seven months which was as low as 23 percent as  compared to last year. But export volume from Pakistan to India has been recorded as 280 million dollars which is 14 pc higher than last year.

Cement has constituted one third  part of Pakistani exports.