In the first quarter of the current fiscal year, the country’s trade deficit has decreased by 34 percent on an annual basis, in the first quarter of the fiscal year.
The country’s exports have increased by 0.5 percent on an annual basis and imports have decreased by 18 percent.
According to the Pakistan Bureau of Statistics, during the first four months of the current financial year (July to October), the country’s trade deficit was recorded at 7.491 billion dollars, which is 34% less than the same period of the previous financial year.
In the same period of the last financial year, the trade deficit of the country was recorded at 11.356 billion dollars.
In October, the trade deficit of Pakistan was recorded at 2.174 billion dollars, which is 43 percent more than in September and one percent less than in October last year.
Pakistan’s trade deficit was $1.518 billion in September and $2.197 billion in October last year.
According to statistics, in the first four months of the current fiscal year, the volume of domestic exports was recorded at 9.600 billion dollars, which is 0.5 percent more than the same period of the previous fiscal year.
In the same period of the last financial year, the volume of domestic exports was recorded at 9.554 billion dollars.
In October, the country gained 2.690 billion dollars in foreign exchange from exports, which is 9% more than September and 13% more than last year’s October.
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The volume of domestic exports was 2.476 billion dollars in September and 2.384 billion dollars in October last year.
According to statistics, in the first four months of the current financial year, the volume of domestic imports was recorded at 17.091 billion dollars, which is 18% less than the same period of the previous financial year.
In the same period of the last fiscal year, the foreign exchange was spent on imports of 20.910 billion dollars, the volume of domestic imports was recorded at 4.864 billion dollars in October, which is 22% more compared to September and 6% more than October last year.
