Pakistan Exports on rise in FY 2017 - 18

Pakistan Exports on rise in FY 2017 - 18
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ISLAMABAD: The exports from the country increased by 10.04 percent during the first four months of the current fiscal year compared to the corresponding period of last year.

The export from the country during July-October (2017-18) were recorded at $7.060 billion against the exports of $6.416 billion during July-October (2016-17), showing growth of 10.04 per cent according tolatest figures released by Pakistan Bureau of Statistics (PBS).

The imports into the country also increased by 22.55 percent by going up from $15.658 billion during the last fiscal year to $19.189 billion during the current year, according to the data.

Based on the figures, the trade deficit during the first four months of the current year increased by 31.24 percent compared to the deficit of last year.

The trade deficit during the current year was recorded at $12.129 billion against the deficit of $9.242 billion during the last year.

Meanwhile, on year-on-year basis, the exports from the country increased by 7.89 percent during the month of October 2017 compared to the exports of the same month of last year.

The exports from the country during October 2017 were recorded at $1.888 billion against the exports of $1.750 billion during October 2016, the data revealed.

The imports into the country also witnessed increase of 23.60 percent by going up from $3.988 billion in October 2016 to $4.929 billion during October 2017.

On the other hand, the exports from the country on moth-on-month basis increased by 12.72 percent in October 2017 when compared to the exports of $1.675 billion recorded in September 2017.

The imports into the country also witnessed increase of 10.19 percent in October 2017 when compared to the exports of $4.473 billion during September 2017, according to the PBS data.

 

 

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