Pakistan’s exports increased by 8.93pc in 9 months: PBS

Pakistan’s exports increased by 8.93 percent in the first nine months of the current fiscal year (2023–24) as compared to the same period in the previous year, according to data issued by the Pakistan Bureau of Statistics (PBS).

The country’s exports witnessed an increase of 8.93 percent to $22.914 billion in July-March (2023–24) compared to $21.036 billion in the same period in 2022–2023.

As compared to $43.724 billion, the country’s imports have decreased by 8.65 percent to $39.944 billion this year. According to the data, the trade deficit for the first nine months of the current fiscal year was $17.030 billion, compared to $22.688 billion for the same period last year, indicating a significant drop of 24.94 percent.