ISLAMABAD – Pakistan’s trade deficit has recorded a marginal decline of1.25 percent during the first couple of months (July and August) of thecurrent fiscal year as compared to the same period of the last financialyear, mainly because the country’s exports registered a significantincrease of 22.4 percent during August 2018.
According to the monthly summary on foreign trade statistics for August2018 released by Pakistan Bureau of Statistics (PBS), the trade deficit wasregistered at $6.17 billion during July-August period of 2018-19 against$6.25 billion of the corresponding period of previous year, showing adecline of 1.25 percent.——————————
Pakistan’s exports increased by 5.05 percent to $3.66 billion during thefirst two months of the current fiscal year, while the country’s importswent up by only one percent from $9.7 billion to $9.8 billion duringJuly-August period of 2018-19. Therefore, the trade deficit was recorded at$6.17 billion in two months.
Pakistan’s exports improved by 8.44 percent to $2.02 billion in August 2018as compared to $1.86 billion exports in August 2017, while the importsrecorded a growth of 1.4 percent and reached $4.99 billion in August 2018from $4.92 billion in the same period of last year. Resultantly, the tradedeficit was recorded at $2.98 billion in August 2018 as against $3.06billion in August 2017, showing a decline of 2.87 percent.
Read Top Stories
On a month-on-month basis, exports in August increased massively by 22.54percent to $2.02 billion, up from $1.65 billion of July 2018. Similarly,imports in August 2018 also increased by 3.18 percent to $4.99 billion from$4.84 billion of July. The monthly trade deficit was down by 6.8 percentand recorded at $2.98 billion during August 2018.
