Deficit with ASEAN widens despite trade of $11.5bn
Indonesia, Malaysia and Philippines drive fastest import growth as Islamabad pushes for FTAs to balance trade Islamabad: Pakistan’s trade volume with the Association of Southeast Asian Nations (ASEAN) has reached $11.5 billion in 2024, a figure officials say remains below potential and requires streamlining. Despite the firm commitment, the trade deficit in 2025 continues to widen in favor of ASEAN members. Pakistan’s exports to ASEAN were about $3.5 billion in 2024, while imports reached about $8 billion. Most of this trade is concentrated in five core ASEAN economies: Indonesia, Malaysia, Thailand, Vietnam and the Philippines. Islamabad is pursuing multiple trade
