Trade deficit swells by 81.4pc

ISLAMABAD: Pakistan’s trade deficit has ballooned by 81.4 per cent to $ 3.058 billion in July 2021 as compared to $ 1.686 in the corresponding month of 2020.

According to provisional foreign trade figures during the first month of current fiscal year (2021-22), imports stood at $ 5.405 billion as compared to $ 3.687 billion in July 2020, showing a massive growth of 46.6 per cent or $ 1.718 billion.

However, exports have posted a growth of 17.3 per cent to $ 2.347 billion in July 2021 as compared to $ 2.001 billion in July 2020.

Copyright Business Recorder, 2021