Pak Trade Deficit at Record High
Pak Trade Deficit at Record High

Pak Trade Deficit at Record High

Pak Trade Deficit at Record High

Pakistan’s trade deficit increased by 42% year-on-year when reaching a $29.9 billion record in the first 11 months of the current fiscal year (July-May), reported the National Bureau of Statistics, APP reported. According to the institution, the rise is motivated by a strong increase in imports and the fall in exports. Last month, the deficit reached $3,465 million, 61% more than in the same period last year. From July to May, import spending increased by 20.6% to reach $48.54 billion, while exports fell to 3.3% when standing at $18.540 billion. The ministry of finance had set a $20 billion trade deficit, but according to these data the figure was a third higher.



Short URL : https://goo.gl/y9Uovc
  1. https://goo.gl/rDsmev
  • https://goo.gl/TV9VZj
  • https://goo.gl/ZT8Vro
  • https://goo.gl/46FqeZ
  • https://goo.gl/nBW3Lb

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...

Add new comment

Read our comment policy before posting your viewpoints