ISLAMABAD: Pakistan’s imports registered a 19.21% decrease in the first four months of the current fiscal year, amounting to $15.32 billion as compared to $18.96 billion over the corresponding period last year.
According to data provided by the Pakistan Bureau of Statistics (PBS), the decline in value of imported goods in October is 15.14% to $4.07bn against $4.8bn during the same time period in the previous fiscal year.
On the other hand, exports experienced growth by 3.81% to $7.54bn in July-October, against $7.27bn over the corresponding period last year.
The slight escalation in exports and significant drop in imports has led the country’s trade deficit to fall by 34% in the first four months of current fiscal year.
The data showed trade deficit in the first four months ebbed to $7.77 billion from $11.69bn over the corresponding period last year, reflecting a dip of $4.19bn or 33.52%.
The trade deficit has been on a steady decline in the ongoing financial year primarily due to the government’s corrective measures to slow down imports of non-essential commodities to help lessen pressures on foreign exchange reserves and slump in overall demand.
For more news and blogs, visit Graana.com.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
