Pakistan trade deficit narrows down in first quarter of FY 2018-19
KARACHI - Pakistan trade deficit registers minor decline in the first quarter of the Fiscal year 2018-19.
Trade deficit reduced by 1.61 percent to $8.869 billion in the first quarter of the current fiscal year of 2018/19 as regulatory duties snipped non-essential imports into country, analysts said on Wednesday.
Pakistan Bureau of Statistics (PBS) data showed that trade deficit was registered at $9.014 billion in the corresponding quarter a year earlier.
Merchandise exports rose 4.56 percent to $5.39 billion, while imports inched up 0.63 percent to $14.26 billion during the three-month period.
In September, imports amounted to $4.43 billion, almost same as in the corresponding month last year, but noticeably down 11.25 percent over the previous month.