ISLAMABAD – The biggest economic achievement of PTI government worthbillions of dollars in FY 2019-20 as the government manages to shrink tradedeficit by over $3 billion in three months.
With a slight increase in exports and a significant decrease in imports,the overall trade deficit in the first quarter of the ongoing financialyear (FY20) has decreased by 35pc.
According to data released by the Pakistan Bureau of Statistics (PBS), thecountry’s trade deficit stood at $5.727 billion in the quarter ending 30thSeptember 2019, as compared to $8.791 billion in the same period of lastfiscal.
The decline was largely driven by a fall in imports, which reduced by20.59pc during the period under review. Exports increased by a nominal2.75pc.
Read Top Stories
According to the PBS data, the volume of exports during the first threemonths of FY 20 clocked in at $5.522 billion, as compared to $5.374 billionin the corresponding period of the last fiscal.
