Pakistan Trade Deficit reaches all time high

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Pakistan Bureau of Statistics (PBS) revealed that country’s trade deficit has surpassed $20 billion in ongoing fiscal year.

According to details, trade deficit has swelled by 34pc when compared with same period of previous fiscal year.

PSB report stated country’s exports stood merely at $13 billion mark in seven months of ongoing fiscal year, thus witnessing a sharp decline of 4pc.

Meanwhile, country’s imports during same period witnessed upward trajectory to stand at alarming $33 billion mark. Imports have swelled by 16pc during ongoing fiscal year.

It may be recalled that State Bank of Pakistan had imposed 100pc cash margin on import of certain non-essential consumer items. The aim was moved at curbing trade deficit. 

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