Imports into the country declined by 3.70 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year.
Imports into the country during July-April (2015-16) were recorded at $36.338 billion, compared to the imports of $37.734 billion during July-March (2014-15), according to the data of Pakistan Bureau of Statistics (PBS).
The exports from the country also witnessed negative growth of 12.99 percent by falling from $19.910 billion last year to $17.323 billion during the current year.
Based on the figures, the overall trade deficit during the period under review was recorded at $19.015 billion compared to the deficit of $17.824 billion last year, showing increase of 6.68 percent.
On year-on-year basis, the imports into the country during April 2016 witnessed increase of 2.27 percent compared to the same month of last year.