KARACHI: Pakistan’s trade deficit has narrowed 32 per cent during the first seven months (July-January) of the fiscal year 2022/23, official statistics revealed on Thursday. According to the data released by the Pakistan Bureau of Statistics (PBS), the trade deficit narrowed to $19.63 billion during the first seven months of the current fiscal year, compared … 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
KARACHI: Pakistan’s current account deficit has ballooned to $7 billion during the first five months (July-November 2021/22 on sharp growth in import bill during the period, according to the balance of payments data released by the State Bank of Pakistan (SBP) on Monday. The current account posted a surplus of $1.87 billion in the same … Read more
ISLAMABAD: Pakistan’s services trade deficit contracted 43.45 per cent during the fiscal year 2020/21, compared with the corresponding period of 2019/20, the data released by the Pakistan Bureau of Statistics (PBS) revealed. The services trade deficit during July-June 2020/21 was recorded at $1.875 billion against the deficit of $3.315 billion in July-June 2019/20, showing a … Read more
Pakistan has recorded an increase of 4.29 percent in exports during the first eight months of the current fiscal year (2020-21). According to the latest statistics by the Pakistan Bureau of Statistics (PBS), the exports increased by 4.29 percent during the first eight months of the current fiscal year as compared to the corresponding period … Read more
The food import bill in the first seven months of 2020-2019 stood at $4.64 billion with an increase of 51.9 per cent over the previous year following increased in the trade deficit more than expected. According to the data compiled by the Pakistan Bureau of Statistics (PBS), the share of food items in the total … Read more
The Pakistan Bureau of Statistics has released trade figures for 2019-20, which show that the trade deficit has narrowed to 23 billion. That’s 10 billion less than last year’s 31 billion trade deficit. Between July 2019 and June 2020, the trade deficit decreased by 27.11%. In one year, the trade deficit stood at 23.18 billion, … Read more
