Falling exports expand trade deficit by 22.2pc in first half
ISLAMABAD: The falling exports of the country has resulted in widening of trade deficit by 22.2 percent during first half (July –December) of 2016/2017, said Pakistan Bureau of Statistics (PBS) on Monday.
The trade deficit has increased to $14.49 billion during first of the current fiscal year as compared with $11.85 billion in the corresponding half of the last fiscal year.
The exports of the country have declined by four percent to $9.9 billion during the period under review as compared with $10.3 billion in the same half of the last fiscal year.
The imports of the country have increased in double digit or 10.11 percent to $24.4 billion during July – December 2016 as against $22.16 billion in the corresponding period of the last fiscal year.