Trade deficit hit the roof, widens by $32.6 billion, rising by 36%

News Image

By MG News | July 11, 2017 at 05:45 PM GMT+05:00

0:00

Pakistan trade deficit reached to all time record high level of 32.5 billion dollars during the last fiscal year as imports accelerated against the pace of exports.

According to the data released by Pakistan Bureau of Statistics showed that trade deficit during July 2016 to June 2017 amounted to 32.5 billion dollars as compared with 23.89 billion dollars of the corresponding year.

Exports showed dismal performance and dropped by 1.6 percent to 20.44 billion dollars during the preceding year as against 20.787 billion dollars of 2015.16.

Imports accelerated on back of higher shipments of power companies and machinery and equipment related to CPEC. Imports amounted to 53 billion dollars as against 44.685 billion dollars of 2015-16, showing an increase of 18.67 percent.

The worrisome situation for the economy managers has been widening of trade deficit during the last year where gap risen to 36 percent. This would add pressure on external front and on the local currency too, said an analyst.

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,070.00 110,305.00
105,440.00
4320.00
4.09%
BRENT CRUDE 68.26 68.40
66.94
1.15
1.71%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.55 66.70
65.23
1.10
1.68%
SUGAR #11 WORLD 15.46 15.97
15.44
-0.24
-1.53%

Chart of the Day


Latest News
July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg