China remains top import source for Pakistan in August

China stayed Pakistan's largest import source in August, with import payments of $1.69 billion, up 12.5 per cent from $1.50 billion a year earlier, according to Mettis Link News citing State Bank of Pakistan data. U.A.E. Dubai ranked second with payments of $626.82 million, a 16.7 per cent rise, while Singapore climbed to third with $361.67 million, up 65 per cent.

Indonesia slipped to fourth with payments of $244.05 million, down 10.4 per cent year on year. Brazil recorded an 83.7 per cent jump to $240.19 million, and Saudi Arabia edged up 3.7 per cent to $230.88 million. Payments to the U.K. more than doubled, rising 112.9 per cent to $133.49 million, while Switzerland posted a 253.9 per cent increase to $126.22 million.

Compared with the previous month, imports from China fell 19.5 per cent, while payments to Indonesia dropped 23.3 per cent and payments to the U.S.A. eased 50.9 per cent. The U.K. was an outlier with a 66.8 per cent monthly rise.