Statement comes following Pakistan's decision not to import sugar and cotton from India.
Pakistan has said that there will be no trade with the neighbor until India reverses its 2019 decision under which Jammu and Kashmir was stripped of its special constitutional status.
The government has withdrawn a wide range of income tax exemptions to the emerging sectors and industries including IT sector; exemption on profit and gains derived by LNG terminal operators and terminal owners and exemption available to the Pakistan Mortgage Refinance Company under the Tax Laws (Second Amendment) Ordinance, 2021.
The greenback posted its best quarter against major currencies in almost three years in January-March thanks to an improving U.S. economy and rising Treasury yields.
Exports in March totaled $24.5bn and imports were $23.0bn, the ministry said, adding that total trade flows of $47.5bn in the month were up almost 40% from a year earlier.
Speaker Asad Qaiser said constructive engagement between parliamentarians and political leadership of both the countries had brought each other more closer.
South Africa's trade surplus widened to 28.96 billion rand ($1.96 billion) in February from a revised surplus of 12.42 billion rand in January, data from the revenue service showed.