Pakistan’s Trade Deficit Increases in 2024. Trade deficit widened by 35% YoY to $2.444 billion in December 2024. Monthly trade deficit increased by 47% from $1.667 billion in November 2024 to $2.444 billion in December 2024. Pakistan’s trade deficit widened by 35% year-on-year (YoY) in December 2024, reaching $2.444 billion compared to $1.813 billion in … Read more
Pakistan’s trade deficit increased to $43.3 billion in the first 11 months of this fiscal year, with imports topping $72 billion. Exports fell to $2.6 billion in May, reversing a downward trend from the previous month. The central bank’s foreign currency reserves have been steadily declining. According to PBS, imports climbed 44 percent to $72.2 … Read more
The country’s trade deficit shrank by 30.19% to US$ 3.36 billion in January 2022 against the deficit of $4.8 billion in December 2021. “Our import bill which was recorded at US$7.6 billion last month (December 2021) had declined to $5.9bn in January, 2022, showing a decline of 22%,” Spokesman for the Finance Minister, Muzammil Aslam … Read more
KARACHI: Pakistan’s trade deficit has swollen 34 per cent during the fiscal year 2020/21, despite record exports, according to the data released by the Pakistan Bureau of Statistics (PBS) on Saturday. The trade deficit stood at $31.05 billion during the fiscal year 2020/21, compared with the deficit of $23.16 billion in the preceding fiscal year. … Read more
