Trade deficit widens by 55.46pc in first month of 2017/2018

pbs

ISLAMABAD: Pakistan’s balance of trade started with deficit of $3.2 billion in the first month of 2017/2018, which was higher 55.46 percent when compared with the same month of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Thursday.
The exports were at $1.63 billion in July 2017, showing 10.58 percent growth when compared with $1.47 billion in the same month of last year.
However, imports registered sharp growth of 36.74 percent to $4.83 billion in the first month as compared with $3.53 billion in the corresponding month of the last fiscal year.

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