The biggest economic achievement of PTI government worth billions of dollars in FY 2019-20

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The biggest economic achievement of PTI government worth billions of dollars in FY 2019-20

ISLAMABAD - The biggest economic achievement of PTI government worth billions of dollars in FY 2019-20 as the government manages to shrink trade deficit 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 financial year (FY20) has decreased by 35pc.

According to data released by the Pakistan Bureau of Statistics (PBS), the country’s trade deficit stood at $5.727 billion in the quarter ending 30th September 2019, as compared to $8.791 billion in the same period of last fiscal.

The decline was largely driven by a fall in imports, which reduced by 20.59pc during the period under review. Exports increased by a nominal 2.75pc.

According to the PBS data, the volume of exports during the first three months of FY 20 clocked in at $5.522 billion, as compared to $5.374 billion in the corresponding period of the last fiscal.