Pakistan’s trade deficit widened to $ 28.8 billion in the Seven Months of the current fiscal year 2021-22 (July’2021-January’ 2022) from $ 15 billion in the corresponding period last year.
Imports in the first half of the current fiscal year 2021-22 (July-December 2021) totaled $ 46.4 billion, compared to $17.67 billion in exports for the same period.
In January 2022, the trade deficit stood at still high level of $ 3.36 billion, 39.59 percent higher than the $ 2.65 billion trade deficit in the same month of the previous fiscal year 2020-2021. Exports were down by $218 million in January compared to December 2021.
Razak Dawood said that in the first half of the current fiscal year (July’2021-Janaury’ 2022), exports increased 25 percent to $ 17.67 billion, up from $ 14.2 billion in July-January 2021.
Although Imports have started to decline on monthly basis, still the quantum of Imports remained high. Analysts are also cocnerned over decline in Exports being witnessed since last two months.
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