*ISLAMABAD: Owing to practical steps taken by the incumbent government, thetrade deficit has dropped by 14 per cent in the first 9 months of PTI’sgovernment rule.*
According to the Statistical department, the trade deficit remained$33.45billion in July-March against $47billion in the same period, lastyear.
The exports were recorded at $17.21billion during the aforesaid period ofthe nine month, while the imports after witnessing a decrease by eight percent were recorded at the level of $40.46billion as compared to$44.32billion, last year.
The Commerce Division said the economy is stabilising due to steps beingtaken by the government.
Last month, Pakistan’s imports had seen a significant decline of 19percent, to $4.5 billion in January 2019, according to figures released bythe statistics department.
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According to the department, Pakistan had imported items worth $5.57billion in January 2018, while the amount of imports reduced to $2.04billion in Jan 2019.
The significant decline in imports helped the trade deficit to shrink by31.73 percent to $2.46 billion in January 2019 as compared with $3.6billion in the same month of the last year.
While the exports grew by only 4 percent to $2.04 billion during the monthunder review as compared to $1.96 billion in January 2018.
