Islamabad:
In the first 5 months of the current financial year, the country’s trade deficit recorded a decline of 7.4 percent on an annual basis and 18.6 percent on a monthly basis in November.
According to the statistics of Pakistan Bureau of Statistics, Pakistan’s trade deficit for the period from July to November 2024 was recorded at 8.651 billion dollars, which is 7.4% less than the same period of the previous financial year.
In the same period of last financial year, the trade deficit of the country was recorded at 9.340 billion dollars. According to the statistics, in the first 5 months of the financial year, the volume of domestic imports was recorded at 22.342 billion dollars, which is 3.9% more than the 21.503 billion dollars of the same period of the previous financial year.
In November 2024, 4.393 billion dollars of foreign exchange was spent on imports, which is 2.9% less compared to 4.525 billion dollars in November last year.
According to statistics, the volume of domestic exports in the first 5 months of the financial year has been recorded at 13.691 billion dollars, which is 12.6% higher than the 12.163 billion dollars of the same period of the previous financial year.
In November, the country earned $2.804 billion in foreign exchange from exports, which is 9 percent higher than $2.573 billion in November last year.
