Trade deficit widens to $6.29 billion during first two months of FY18

pbs

ISLAMABAD: Pakistan’s trade deficit has widened to $6.29 billion during first two months of current fiscal year as compared with the deficit of $4.711 billion in the corresponding months of the last years.
The trade deficit widened by 33.52 percent in July – August 2017/2018 as compared with corresponding period of the last fiscal year, according to trade data released by Pakistan Bureau of Statistics (PBS) on Monday.
The primary factor of widening of trade deficit was due to ballooning imports. The country’s imports grew by 24.85 percent to $9.78 billion during first two months of current fiscal year as compared with $7.84 billion in the corresponding period of the last fiscal year.
However, exports of the country have shown 12 percent growth to $3.49 billion during the period as against $3.12 billion.

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