Despite increasing exports during December imports rose due to the increase in the trade deficit, exports grew by 18.3 percent while imports grew 25.6%.
According to the Pakistan Bureau of Statistics, Pakistan had a trade deficit of 68 2.68 billion in foreign trade during December, which is 650 million more than last December. The volume of exports in December stood at 2.35 billion. That’s 364 million more than last year, but the import bill rose 1.2 billion to 5.35 billion.
During the first six months of the financial year, the total trade deficit of Pakistan was 12.42 billion, which is 6.4 percent more than the same period of the previous financial year. This is 4.9 percent more than last year, while 24 24.52 billion was spent on imports, which is 5.7 percent more than before.
Extracted from City42 News
