ISLAMABAD: The country’s trade deficit and imports have broken all records and the trade deficit reached $39.26 billion while imports reached $65.49 billion, during the first ten months of the current financial year.
According to the data released by the Bureau of Statistics, the trade deficit and imports have reached the highest level in the history of the country and imports have reached $65.49 billion.
It may be recalled that in the last financial year 2017-18 of the previous PML-N government, trade deficit and imports were the highest recorded.
According to the latest data released, Pakistan’s trade deficit and imports have set a new record in any one financial year. However, the trade deficit and imports are likely to increase further by the end of June this year.
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During the first 10 months of the current financial year, July-April, the trade deficit increased by 64.79 percent and imports by 46.41 percent. During the first ten months of the financial year, exports increased by 25.46 percent to Rs.26.228 billion.
According to the report of the Bureau of Statistics, the trade deficit in April increased by 2.72 percent to 74 3.74 billion while exports in April stood at Rs.2.87 billion.
During the period, the country’s imports stood at Rs.6.61 billion. In April, the trade deficit increased by 23.74 percent, imports by 26.19 percent, and exports by 29.53 percent as compared to April last year.
It should be noted that the trade deficit had reached 35 35.4 billion in March after increasing by 70 percent on an annual basis during the first nine months of the current financial year due to a sharp rise in imports.
