Jul-Feb trade deficit falls 30.2pc to $14.87bn YoY

Pakistan’s trade deficit narrowed down by 30.18 percent in the first eight months (July-February) of the current fiscal year 2023-24 as it stood at $ 14.872 billion compared to $ 21.299 billion during the same period of last fiscal year, says the Pakistan Bureau of Statistics (PBS).

The monthly data released by the Bureau noted that the country’s exports increased by nine percent ($1.681 billion) to $ 20.351 billion during July-February 2023-24 compared to $ 18.670 billion in the corresponding period of the last fiscal year.

Imports declined by 11.87 percent to $ 35.223 billion during the first eight months of the current fiscal year as compared with $ 39.969 billion in the same period of the last fiscal year.

Read more: https://www.brecorder.com/news/40291633/jul-feb-trade-deficit-falls-302pc-to-1487bn-yoy