ISLAMABAD:The exports from the country witnessed an increase of 24.67percent during the first nine months of the current fiscal year(2021-22) as compared to the corresponding months of last year,Pakistan Bureau of Statistics (PBS) reported.
According to PBS data, the exports from the country were recorded at$23.298 billion during July-March (2021-22) against the exports of$18.687 billion recorded during July-March (2020-21), showing growthof 24.67 percent.
The imports during the months under review also went up by 48.63percent by growing from $39.489 billion last year to $58.691 billionin July-March (2021-22).
Based on the data, the trade deficit during the period under reviewwas recorded at $35.393 billion, showing an increase of 70.14 percentover the deficit of $20.802 billion recorded during July-March(2020-21), the PBS data revealed.
Meanwhile, on year-on-year basis, the exports of the country increasedby 15.91 percent during March 2022 as compared to the exports of samemonth of last year. The exports during March 2022 were recorded at$2.740 billion against the exports of $2.364 billion in March 2021,the data revealed.
The imports into the country increased from $5.631 billion in March2021 to $6.186 billion in March 2022, showing growth of 9.86 percent.
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On month-on-month basis, the exports from the country witnessednegative growth of 2.84 percent during March 2022 as compared to theexports of $2.820 billion recorded during February 2022.
On the other hand, the imports into the country during March 2022witnessed increase of 4.72 percent as compared to the imports of$5.907 billion in February 2022, according to the PBS data.
Meanwhile, former Spokesperson to the Finance Minister, MuzzammilAslam said in a tweet that wonderful news despite the higher oil,Liquefied natural gas (LNG) and coal prices, import bill still wellmanaged for the month of March at $6.19 billion.
He said that exports first time making a history to cross $31 billion.
