Pakistan's trade deficit shrinks by 2.0 percent

Pakistan's trade deficit shrinks by 2.0 percent

Pakistan’s trade deficit has contracted by almost two percent during first four months of current fiscal year.

The country’s trade deficit was recorded at 11.8 dollars billion during July-October period of the ongoing financial year as against 12 billion dollars of corresponding period of previous year, showing a decline of 1.97 percent.

According to the latest data of Pakistan Bureau of Statistics, trade deficit has been controlled due to the unexpected increase in exports as against the imports.

The decline in trade deficit would help in controlling soaring current account deficit.

The current account deficit is the real threat to foreign exchange reserves of the country.