Trade deficit widens to $12.13bn despite 10pc exports growth

pbs

ISLAMABAD: The trade deficit has widened by $12.13 billion in first four months of current fiscal year despite 10 percent growth in exports during the same period, according to data released by Pakistan Bureau of Statistics (PBS) on Monday.
The balance of trade widened by 31.24 percent to deficit of 12.13 during July – October 2017/2018 as compared with the deficit of $9.24 billion in the corresponding period of the last fiscal year.
The exports posted 10.04 percent growth to $7.06 billion during the period under review when compared with $6.41 billion in the same period of the last fiscal year.
The buoyancy in imports is remained intact as it grew by 22.55 percent to $19.18 billion in first four months of the current fiscal year as compared with $15.65 billion in the same period of the last year.
Experts said that the exports exhibited growth due to higher demand of textile products related to Christmas.

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