Pakistan economy gets a good news on the exports front
ISLAMABAD - Pakistan economy gets a good news from the exports front as the country's exports registered significant improvement on both month on month and year on year basis.
Trade figures released by Pakistan Bureau of Statistics (PBS) show that exports have increased for both month-on-month and year-on-year basis.
Pakistan’s exports during July 2019 witnessed a growth of 15.65% compared to July 2018, increasing from $1.63 billion to $1.90 billion.
During the period the country’s imports registered a negative growth of 16.40%, dipping down to $4.01 billion in July 2019 from $4.80 billion in July 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.
Comparing the figures on a monthly basis, exports saw an increase of 10.31%, getting to $1.89 billion in July 2019 from $1.71 billion in June 2019.
Imports saw a decline of 7.91% during the period under view, going down to $4.01 billion as compared to $4.36 billion.