KARACHI: The incumbent government’s efforts to cut down on deficitsplaguing the national economy seems to be bearing fruit as the country’strade deficit recorded a 28.40 per cent decrease during the first sevenmonths of current fiscal year.
According to figures released today, exports rose by 2.14 per cent to$13.498 billion during the period from July-January 2019-20 as compared toexports worth $13.216 billion during last year’s corresponding year.
[image: trade-deficit]
On the other hand, imports shrank 15.95 per cent to $27.249 billion in lastseven months from $32.420 billion of last year.
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The figures show trade deficit recorded a 15.30 per cent drop on ayear-on-year basis in January 2020.
Exports reduced by 3.17 per cent to $1.970 billion as compared to exportsof $2.035 billion in January last year while imports by 10 per cent to$4.037 billion as against the imports of $4.467 billion of the same monthlast year.
