*Pakistan’s trade deficit in the 11 months of the fiscal year 2021-22 hasincreased up to $43.33 billion, which was $27.44 billion in the first 11months of the fiscal year 2021 – 2022. *
According to the data issued by the Pakistan Bureau of Statistics (PBS), anincrease of 57.85% has been noticed in the trade deficit of the country inthe last 11 months.
The PBS told that Pakistan exported goods worth $28.84 billion from July2021 to May 2022, which is 27.78 % higher than the last year. While theincrease in imports from July 2021 to May 2022 was 44.28%. Pakistanimported goods worth $72.18 billion dollars from July 2021 to May 2022.
However, a decrease of 10.22% in exports amounting to $2.60 billion wasmade in May 2022, the Bureau of Statistics told.
According to Imports amounted to $6.64 billion while the trade deficit to$4.04 billion. The monthly trade deficit was 6.90%.
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Pakistan’s trade deficit ballooned by 70 per cent during the first ninemonths of the ongoing fiscal year, data shared by the Pakistan Bureau ofStatistics (PBS).
It said the trade deficit soared to $35.393 billion during July-MarchFY2022, compared to $20.802 billion during the same period of 2020-21.
The country’s exports increased by 15.91 per cent to $2.740 billion inMarch, compared to $2.364 billion in March 2021.
