In the country, the rate of dollar inflow has further slowed down. Arevelation during the two months showed a significant decrease inPakistan’s imports and exports.
In the initial two months of the new financial year, July and August,Pakistan could only generate slightly over $4 billion in exports, whilethere was a substantial decrease of $500 million in gold imports.
According to the Pakistan Bureau of Statistics, in the first two months ofthe ongoing financial year, Pakistan’s trade deficit stood at $3.763billion, which is 40% lower compared to the same period last year. Duringthe same period last year, the country’s trade deficit had reached $6.302billion.
In August, the trade deficit amounted to $2.126 billion, which is 30%higher than July and 40% lower than August of the previous year. In July,the trade deficit was $1.637 billion, while it had reached $3.571 billionin August of the previous year.
According to the figures, in the first two months of the ongoing financialyear, the volume of the country’s imports amounted to $4.431 billion, whichis 6% less compared to the same period last year. During the same periodlast year, the volume of the country’s imports had reached $4.733 billion.In August, the volume of the country’s imports reached $2.363 billion,which is higher than the $2.068 billion in July but lower than the $2.483billion in August of the previous year.
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According to the figures, in the first two months of the ongoing financialyear, there was a 26% decrease in the country’s income on an annual basis,with the volume of the country’s income reaching $8.194 billion, which islower than the $11.035 billion during the same period last year.
In August, the country’s income amounted to $4.489 billion, which is higherthan the $3.705 billion in July but lower than the $6.054 billion in Augustof the previous year.
