ISLAMABAD – Pakistan economy gets a good news from the exports front as thecountry’s exports registered significant improvement on both month on monthand year on year basis.
Trade figures released by Pakistan Bureau of Statistics (PBS) show thatexports have increased for both month-on-month and year-on-year basis.
Pakistan’s exports during July 2019 witnessed a growth of 15.65% comparedto July 2018, increasing from $1.63 billion to $1.90 billion.
During the period the country’s imports registered a negative growth of16.40%, dipping down to $4.01 billion in July 2019 from $4.80 billion inJuly 2018.
The overall trade deficit witnessed a decline of 33% as it went down to$2.12 billion in July 2019 as compared with $3.17 billion in July 2018.
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Comparing the figures on a monthly basis, exports saw an increase of10.31%, getting to $1.89 billion in July 2019 from $1.71 billion in June2019.
Imports saw a decline of 7.91% during the period under view, going down to$4.01 billion as compared to $4.36 billion.
