ISLAMABAD: Imports into the country declined by 4.22 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year.
Imports into the country during July-March (2015-16) were recorded at $32.515 billion, compared to the imports of $33.948 billion during July-March (2014-15), according to the data of Pakistan Bureau of Statistics (PBS) released here Tuesday.
The exports from the country also witnessed negative growth of 12.92 percent by falling from $17.921 billion last year to $15.606 billion during the current year.
Based on the figures, the overall trade deficit during the period under review was recorded at $16.909 billion compared to the deficit of $16.027 billion last year, showing increase of 5.50 percent.
On year-on-year basis, the imports into the country during March 2016 witnessed increase of 3.78 percent compared to the same month of last year.
The imports during March 2016 were recorded at 3.594 billion compared to the imports of $3.463 billion during March 2015, the data revealed.
On the other hand, the exports from the country during March 2016 witnessed negative growth of 9.55 percent and reached to $1.742 billion compared to the exports of 1.926 billion in March 2015.
On month-on-month basis, the imports into the country in March 2016 increased by 8.78 percent when compared to the imports of $3.304 billion in February 2016.
On the other hand, the exports from the country declined by 2.74 percent in March 2016 when compared to the exports of $1.791 billion in February 2016, the PBS data revealed.
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