ISLAMABAD (IRNA) -- Pakistan exports registered 14.2 percent increase during the first four months of the current financial year (started July 1) as compared to same period last year, Commerce Minister Humayun Akhtar told a joint news conference in Islamabad on Thursday.

The minister said that exports during first four months amounted to about four billion dollars and imports 4.28 billion dollars.

Exports went up by 12.87 percent during last month as compared to October last year while imports surged by 15.06 percent.

The commerce minister expressed satisfaction over pace of exports and said these were in line with Pakistan's total target of $12.1 billion for the year.

Giving details of Pak-China Preferential Tariff Agreement signed in Beijing during the visit by the Pakistani president to China, he said despite the fact that Pakistan is not a member of the seven-nation Bangkok Agreement; China has given Pakistan same concessions as granted to the members.

China has offered tariff concession to Pakistan on 777 items as against 217 it offered to India under a similar arrangement. Pakistan would be giving concessions to China on 192 items.

To a question, he said on the average there will be 27 percent tariff concession available to both sides.

"Pakistan gave concessions mainly on sea food, raw material and industrial machines while Chine reciprocated by giving concessions on textile made-ups, and ready made garments," the minister said.