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Pakistan’s trade deficit jumps 20.4% in Sep

Trade deficit narrows 31% in Oct
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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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Posted on: 2024-10-02T10:13:15+05:00