ISLAMABAD, : The country\u2019s trade deficit witnessed reduction of 1.88 percent during the first four months of current fiscal year (2020-21) as compared to the deficit of the corresponding period of last year.<\/p>\n\n\n\n
The deficit during July-October (2020-21) was recorded at $7.577 billion as compared to the deficit of $7.722 billion during July-October (2019-20), showing decline of 1.88 percent, according to the latest data released by Pakistan Bureau of Statistics (PBS) here on Wednesday.<\/p>\n\n\n\n
During the period under review, the country\u2019s exports registered positive growth of 0.33 percent, by going down from $7.529 billion last year to $7.554 billion during the current year.<\/p>\n\n\n\n
On the other hand, the imports decreased by 0.79 percent, from $15.251 billion last year to $15.131billion during the current year.<\/p>\n\n\n\n
Meanwhile, on year-on-year basis, the country\u2019s exports increased from $2.019 billion in October 2019 to $2.081 billion in October 2020, showing positive growth of 3.07 percent.
The imports during the month decreased by 5.73 percent by going down from $4.052 billion last year to $3.820 billion during the current year, the data revealed.<\/p>\n\n\n\n
On month-on-month basis, the exports from the country increased by 10.16 percent in October 2020 when compared to the exports of $1.889 billion in
September 2020.<\/p>\n\n\n\n
Likewise, the imports into the country declined by 11.59% in October 2020 as compared to the imports of $4.321 billion in September.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, : The country\u2019s trade deficit witnessed reduction of 1.88 percent during the first four months of current fiscal year (2020-21) as compared to the deficit of the corresponding period of last year. The deficit during July-October (2020-21) was recorded at $7.577 billion as compared […]<\/p>\n
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