KARACHI: Pakistan recorded a decline of 7.10% in exports in June 2023 ascompared to May, ARY News reported on Tuesday, quoting the State Bank ofPakistan report.
According to the SBP report, the exports on a Year-on-Year (YOY) basisdeclined by 19.10% in June 2023 as compared to June 2022. In June 2023, theexports remained $2.35 billion.
The imports remained 4.21 billion dollars after a decline of 2.50% in June2023 as compared to the month of May. On a year-on-year basis, the importsdeclined by 46.3 per cent in June 2023 as compared to last June 2022.
The State Bank of Pakistan further said that the Current Account Deficit(CAD) also recorded a massive decline of 62.3pc and was recorded at 1.86billion dollars.
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Separately, the State Bank of Pakistan (SBP) will announce the firstmonetary policy rate of the fiscal year 2023-24 on July 31.
