Pakistan's Trade deficit in services improves by 40 percent YoY

MG News | January 11, 2019 at 12:19 PM GMT+05:00
January 11, 2019 (MLN): Pakistan’s Trade Deficit in Services for November 2018 has shrunken by 40% from last year and is documented at $333 million, shows formal data released by the Pakistan Bureau of Statistics (PBS).
In harmony with the trend, the cumulative deficit for the Jul-Nov period improved by 35% YoY, and stands recorded at $1.4 billion. Provisional figures show that import value ($3.6 billion) during the period fell by 17%.
However, the figure has surged at an alarming rate of 70.7% from previous month when the deficit was at $195 million.
From a year on year perspective, the deficit seems to have improved due to a considerable decline in import value which dropped by over 23% or over $200 million, from services worth $975 million to $749 million imported.
Similarly, the month-on-month amplification in deficit results from a large addition in import value from October 2018 (+13.66%). While exports diminished by 10%, the decline was not sufficient enough to arrest the widening deficit.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 136,502.54 259.91M |
1.64% 2202.77 |
ALLSHR | 85,079.90 838.35M |
1.26% 1061.74 |
KSE30 | 41,552.62 97.27M |
1.81% 738.33 |
KMI30 | 193,330.76 84.69M |
0.39% 741.60 |
KMIALLSHR | 56,315.31 366.02M |
0.43% 243.06 |
BKTi | 38,498.08 37.91M |
4.13% 1526.33 |
OGTi | 28,138.38 5.66M |
-0.36% -101.89 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 119,180.00 | 120,695.00 119,160.00 |
-1055.00 -0.88% |
BRENT CRUDE | 69.07 | 69.17 68.94 |
-0.14 -0.20% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.25 0.26% |
ROTTERDAM COAL MONTHLY | 106.50 | 106.60 106.50 |
-2.20 -2.02% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.79 | 66.99 66.67 |
-0.19 -0.28% |
SUGAR #11 WORLD | 16.31 | 16.67 16.27 |
-0.26 -1.57% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|