Pakistan's trade deficit jumps 20.4% in Sep

MG News | October 02, 2024 at 10:13 AM GMT+05:00

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October 02, 2024 (MLN): Pakistan's trade deficit in September 2024 has increased by 20.4% to $1.78bn as compared to a deficit of $1.48bn recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).

On a monthly basis, the trade deficit has widened 1.9% compared to a deficit of $1.75 billion recorded in August 2024.

Cumulatively in the three months of fiscal year 2024-25, the trade deficit increased by 4.2% to $5.44bn as compared to a deficit of $5.21bn in 3MFY24.

Exports in September rose by 13.5% to $2.81bn compared to $2.47bn in September 2023.

On a monthly basis, exports have increased by 1.6% compared to the $2.76bn figure reported in August 2024.

The country's expenditure on imports during the review month increased by 16.1%, clocking in at $4.59bn compared to $3.95bn in the same month last year.

Similarly, compared to August 2024, imports rose by 1.7% compared to $4.51bn.

USD Million	Sep 24	Sep 23	YoY %	Aug 24	MoM %	3MFY25	3MFY24	Cumulative %
Exports	2,805	2,471	13.5%	2,762	1.6%	7,875	6,901	14.1%
Imports	4,585	3,950	16.1%	4,509	1.7%	13,310	12,115	9.9%
Trade Balance	-1,780	-1,479	20.4%	-1,747	1.9%	-5,435	-5,214	4.2%

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