Pakistan trade deficit narrows for first time in eight months

Pakistan’s trade deficit narrowed for the time in eight months, as the growth in exports was higher than imports

The deficit on trade in goods narrowed 4.7% to $1.59 billion in October compared to last year. The shortfall was $23.4bn in the 12 months through October, State Bank of Pakistan reported Monday.

Goods imports rose by 5.1% to $4.61bn during the month, taking the twelve month rolling imports to $55.22bn.

Exports of goods increased by 11.1% to $3.02bn during October, taking the twelve month tally to $31.8bn.