in

Pakistan’s Trade Deficit Has Increased to $23.825 Billion: PBS

The country’s trade deficit widened by 21.60 percent to $23.825 billion in July-April 2020-21 compared to $19.593 billion in July-April 2019-20, says the Pakistan Bureau of Statistics (PBS).

According to trade data released by PBS, Pakistan’s exports declined by 7.23 percent on a month-on-month (MoM) basis and stood at $2.194 billion in April 2021 against $2.365 billion in March 2021.

Trade figures show that country’s imports remained $44.706 billion in July-April 2020-21 compared to $37.992 billion in July-April 2019-20, registering 17.67 percent growth.

The country’s exports witnessed 13.49 percent growth and remained $20.881 billion in July-April 2020-21 compared to $18.399 billion in July-April 2019-20.

The country’s exports declined by 7.23 percent on an MoM basis and stood at $2.194 billion in April 2021 against $2.365 billion in March 2021.

Imports declined by 8.34 percent on an MoM basis and remained $5.118 billion in April 2021 against $5.660 billion in March 2021. The trade deficit narrowed by 9.14 percent on an MoM basis and stood at $2.994 billion in April 2021 against $3.295 billion in March 2021.

Pakistan’s trade deficit widened by a massive 33.24 percent on a year-on-year basis to $2.994 billion in April 2021 compared to $2.247 billion in April 2020.

Trade figures show that the country’s exports registered a 129.74 percent increase in April 2021 and stood at $2.194 billion compared to $955 million in April 2020.

The country’s imports remained $5.188 billion in April 2021 compared to $3.202 billion in April 2020, registering 62.02 percent growth.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shafqat Mahmood Announces Decision on Promotion Without Exams

Only a Few Pakistani Families Control PSX