Pakistan exports decline in FY 2016-17

Pakistan exports decline in FY 2016-17
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ISLAMABAD: (APP) Exports from the country witnessed decrease of 3.21 percent during the first seven months of the current fiscal year as against the corresponding period of last year.

According to data released by Pakistan Bureau of Statistics (PBS), the exports during July-January (2016-17) were recorded at $11.685 billion compared to the exports of $12.073 billion in July-January (2015-16).

The imports into the country during the period under review increased by 13.65 percent by going up from $25.617 billion last year to $29.113 billion during the current fiscal year .

Based on the figures, the trade deficit during the first seven months of the current fiscal year was recorded at $17.428 billion compared to the deficit of $13.544 billion, showing an increase of 28.68 percent.

Meanwhile, the exports from the country were increased by 0.74 percent during January 2017 compared to January 2016.

The exports during January 2017 were recorded at $1.780 billion compared to the exports of $1.767 billion.

The imports into the country during the month under review increased by 37.11 percent by going up from $3.455 billion in January 2016 to $4.737 billion during January 2017, the PBS data revealed.

While the imports into the country increased by 5.55 percent in January 2017 when compared to the imports of $4.488 billion during December 2016, the data revealed.

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