Exports remain robust, rise 27% in Jan
FILE PHOTO: Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard
Federal Minister of Interior, Commerce and Industries Dr Gohar Ejaz has announced that Pakistan’s exports remained highly positive in January 2024 as shipments to overseas markets increased 26.9% to $2.786 billion as compared to $2.195 billion in January 2023.
Imports, however, decreased 4.5% to $4.665 billion in January against $4.884 billion in the corresponding month of last year. Consequently, the country’s trade deficit significantly narrowed to $1.879 billion in January as compared to $2.689 billion in January last year.
“This is a substantial improvement from last year,” the commerce minister remarked while citing the contraction in trade gap, according to a statement issued by the Ministry of Commerce on Thursday.
Read more: https://tribune.com.pk/story/2455183/exports-remain-robust-rise-27-in-jan
