Trade deficit widens by 55 percent in July 2017

Trade deficit in the first month of the new fiscal year widened by 55 percent whereas exports registered an increase of 10.58 percent.

According to the figures released by the Pakistan Bureau of Statistics the July trade deficit widened by 55 percent to 3.204 billion dollars as against 2 billion dollars of the same period of 2016.

Exports in July suffered a fall of 14.71 percent to 1.631 billion dollars compared with June 2017 amounting to 1.912 billion dollars of last year. However, when compared to July 2016, exports recorded a growth of 10.58 percent from the level of 1.475 billion dollars.

The pace of imports showed an upward trajectory and recorded a growth 36.74 percent to 4.835 billion dollars from 3.536 billion of July 2016 level, the data said.