Tag: trade deficit

Trade deficit narrows to $1.879 billion in January 2024

ISLAMABAD, Feb 1 (APP):Caretaker Federal Minister for Interior Commerce and Industries, Dr. Gohar Ejaz on Thursday said that trade deficit narrowed to $1.879 billion in January 2024 from $2.689 billion in January 2023. This is a substantial improvement from last year, said a press release issued by the Ministry of Commerce here. Caretaker Federal Minister for… Continue reading Trade deficit narrows to $1.879 billion in January 2024

Trade deficit narrows by 34.7%; exports jump by 13.55 percent in October

ISLAMABAD, Nov 2 (APP):The country’s merchandize trade deficit contracted by 34.70 per cent during the first four months of the current fiscal year compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. The Trade deficit from July-October (2023-24) was recorded at $7.416 billion as against the deficit of $11.356… Continue reading Trade deficit narrows by 34.7%; exports jump by 13.55 percent in October

Trade deficit narrows by 40% in two months

ISLAMABAD, Sep 4 (APP):The trade deficit contracted by 40.29 percent during the first two months of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Monday. The Trade deficit during July-August (2023-24) was recorded at $3.763 billion as against the deficit of $6.302 billion in July–August… Continue reading Trade deficit narrows by 40% in two months

Trade deficit narrows by 41% in July

ISLAMABAD, Aug 2 (APP):The trade deficit witnessed a decline of 41.16 percent during the first month of the current fiscal year (2023-24) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported. The trade deficit during the month under review was recorded at $1.607 billion against the deficit of $2.731… Continue reading Trade deficit narrows by 41% in July

Trade deficit narrows by 43% as exports mount to $27.7 bln in FY23

ISLAMABAD, Jul 4 (APP):The trade deficit witnessed a decline of 43.03 percent during the fiscal year 2022-23 as compared to the previous year (2021-22), Pakistan Bureau of Statistics (PBS) reported. The trade deficit during July-June (2022-23) was recorded at $27.547 billion against the deficit of $48.354 billion in July-June (2021-22), a decline of 43.03 percent.… Continue reading Trade deficit narrows by 43% as exports mount to $27.7 bln in FY23

Services’ trade deficit shrinks 9.84% as exports grow by 8.25% in 2 months

ISLAMABAD, OCT 5 (APP): The services trade deficit shrunk by 9.84 percent as exports witnessed growth of 8.25 percent during the first two months of the current fiscal year compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. According to latest PBS data, the exports from the country during July-August… Continue reading Services’ trade deficit shrinks 9.84% as exports grow by 8.25% in 2 months

Trade deficit shrinks by 30% in January

ISLAMABAD: February 02, Spokesperson Ministry of Finance Muzzammil Aslam addressing in a press conference. APP

ISLAMABAD, Feb 2 (APP): The country’s trade deficit shrank by 30.19% to US$ 3.36 billion in January 2022 against the deficit of $4.8 billion in December 2021. “Our import bill which was recorded at US$7.6 billion last month (December 2021) had declined to $5.9 bn in January, 2022, showing a decline of 22%,” Spokesman for… Continue reading Trade deficit shrinks by 30% in January

Exports increase by 16.44 pc in July

ISLAMABAD, Aug 09 (APP): The exports from the country witnessed an increase of 16.44 percent during the first month of the current fiscal year (2021-22) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Monday. According to PBS data, the exports from the country stood at $2.330 billion during… Continue reading Exports increase by 16.44 pc in July

Oil import bill shrinks by 15.13% to $7.553 billion 3 quarters

ISLAMABAD, Apr 19 (APP): The country’s oil import bill witnessed reduction of 15.13 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year. The country imported oil products worth US $7553.912 million during July-March (2020-21) against the imports of $8900.622 million during July-March (2019-20), showing… Continue reading Oil import bill shrinks by 15.13% to $7.553 billion 3 quarters

Services trade deficit shrinks 41.8 pc in 8 months

ISLAMABAD, APR 06 (APP): The country’s services trade deficit contracted by 41.8 percent during the first eight months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-February (2020-21) was recorded at $1338.58 million against the deficit of $2299.87 million in July-February (2019-20), according… Continue reading Services trade deficit shrinks 41.8 pc in 8 months

Exports increase by 7.12% in three quarters, 30.44% in March

ISLAMABAD, Apr 5 (APP):The exports from the country increased by 7.12 percent during the first three quarters of the current fiscal year (2020-21) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports from the country during July-March (2020-21) were recorded at $18.685 billion against the exports of… Continue reading Exports increase by 7.12% in three quarters, 30.44% in March

Exports increase by 4.29% in 8 months

The exports from the country increased by 4.29 percent during the first eight months of the current fiscal year (2020-21) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of the country during July-February (2020-21) were recorded at $16.304 billion against the exports of $15.633 billion during… Continue reading Exports increase by 4.29% in 8 months

Oil import bill shrinks by 20.90% to $5.64bn in 7 months

  ISLAMABAD, Feb 19 (APP):The country’s oil import bill witnessed reduction of 20.90 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The oil imports during July-January (2020-21) were recorded at $5640.751 million against the imports of $7131.451 million during July-January (2019-20), showing decline… Continue reading Oil import bill shrinks by 20.90% to $5.64bn in 7 months

Textile exports increase 8.23% to $8.765bln in 7 months; 10.79% in January

ISLAMABAD, Feb 18 (APP):The exports of textile commodities witnessed an increase of 8.23 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $8765.739 million in July-January (2020-21) against the exports of $8099.095 million in July-January (2019-20), showing growth… Continue reading Textile exports increase 8.23% to $8.765bln in 7 months; 10.79% in January

Services trade deficit shrinks 42.41% in H1, exports increase 13.97% in December

ISLAMABAD, Feb 9 (APP):The country’s services trade deficit contracted by 42.41 percent during the first half (H1) of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-December (2020-21) was recorded at $977.24 million against the deficit of $1696.80 million in July-December (2019-20), according to… Continue reading Services trade deficit shrinks 42.41% in H1, exports increase 13.97% in December

Textile exports up 4.88% in 5 months; 9.27% in November

Textile exports

ISLAMABAD, Dec 21 (APP):The exports of textile commodities witnessed an increase of 4.88 percent during the first five months of the current fiscal year as compared to the corresponding period of last year. The textile exports were recorded at $6044.536 million in July-November (2020-21) against the exports of $5763.117 million in July-November (2019-20), showing growth… Continue reading Textile exports up 4.88% in 5 months; 9.27% in November

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