Pakistan’s Trade Deficit during July – January FY ’18 widens to 21.5 billion

According to latest PBS data, total balance of trade deficit during the months of July– January FY ‘18 stood at $ -21.546 billion against -17.351 billion during July – January FY ‘17; a rise of 24.18% during the period. Imports for the cumulative period increased by 18.92% reaching a total sum of $ 34.512 billion despite Government’s efforts to reduce imports. However, during the cumulative period exports jumped by 13.19% to reach $ 12.966 billion vs. $ 11.67 billion last year.

Month on month exports during January fell by 0.30% to clock in at $ 1.971 billion against $ 1.977 billion during December, 2017. However, the imports took a spike upward by 14.20% to reach a sum of $ 5.607 billion. The SRO imposed by Government during the month of October last year yielded no positive results to curb the imports.