Pakistan has recorded an increase of 4.29 percent in exports during thefirst 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 monthsof the current fiscal year as compared to the corresponding period of theprevious year.
As per the statistics, the exports of the country during July-February(2020-21) were recorded at $16.304 billion against the exports of $15.633billion during July-February (2019-20).
The imports during the period under review also increased by 7.49 percentby growing from $31.483 billion last year to $33.840 billion during thefirst eight months of the current fiscal year.
Based on the figures, the country’s trade deficit increased by 10.64percent during the first eight months as compared to the correspondingperiod of last year. The trade deficit during the period was recorded at$17.536 billion against the deficit of $15.850 billion last year.
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Meanwhile, on a year-on-year basis, the exports of the country decreased by4.12 percent during the month of February 2021 as compared to the exportsof February 2020. The exports during February 2021 were recorded at $2.049billion against the exports of $2.137 billion in February 2020, the datarevealed.
The imports into the country increased from $4.168 billion in February 2020to $4.566 billion in February 2021, showing the growth of 9.55 percent.
On a month-on-month basis, the exports from the country decreased by 4.52percent during February 2021 when compared to the exports of $2.146 billionin January 2021.
