Exports to ME up 36pc

Pakistan’s trade deficit with the Middle East narrowed 22.62 per cent to $8.525 billion in the first eight months of the current fiscal year from $11.017bn in the corresponding period of last year mainly due to reduced imports of petroleum products from the region.

The trade imbalance with the region has shrunk since the start of the current fiscal year due to lower use of petroleum goods as prices have steadily increased.

In absolute terms, Pakistan’s expo­rts to the Middle East rose 35.75pc to $2.024bn between July and February 2023-24, compared to $1.491 bn in the corresponding period last year.

Read more: https://www.dawn.com/news/1825569/exports-to-me-up-36pc