*ISLAMABAD: State Minister for Revenue Hammad Azhar has said trade deficitof the country has shrunk by more than 37 percent during the last month ascompared to current period of March last year.*
The minister said in his tweet, “The Trade Deficit of Pakistan fell by morethan 37% in March 2019 over the same month last year.”
linkHammad Azhar@Hammad_Azharlinklink
The Trade Deficit of Pakistan fell by more than 37% in March 2019 over thesame month last year. It is a very positive sign that the 5 year build upin external deficits have now started reversing sharply. Economicstabilisation policies of PTI govt are bearing fruit.
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The minister of State said economic stabilization policies of PTIgovernment are bearing fruit.
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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.
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.
