Trade deficit widens to $2.44bn in Dec'24

MG News | January 01, 2025 at 06:13 PM GMT+05:00

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January 01, 2024 (MLN): Pakistan's trade deficit in December 2024 increased notably by 34.8%, standing at $2.44 billion compared to $1.81bn, according to data released by the Pakistan Bureau of Statistics (PBS).

On a month-on-month (MoM) basis, the deficit widened by 46.61%, compared to $1.66bn in November 2024.

The deficit widened due to a 14% YoY surge in imports and a 17.44% MoM increase, reaching $5.28bn in December 2024.

Exports remained relatively stable at $2.84bn in December 2024.

Cumulatively, in the first six months of the fiscal year 2024-25, the trade deficit remained largely unchanged, with a meagre increase of 0.18%, rising to $11.17bn compared to $11.15bn in 6MFY24.

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