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Pakistan's July imports fall 37.7pc MoM

  • Country’s trade deficit narrows 20.6% in July 2022
Published August 2, 2022
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ISLAMABAD: Pakistan’s imports on a month-on-month (MoM) basis declined by 37.7 percent in July 2022 as it remained $4.913 billion compared to $7.880 billion in June 2022.

According to the official data of the Federal Board of Revenue (FBR)/PRAL, the country’s trade deficit narrowed by 20.6 percent in July 2022 on a year-on-year basis and remained $2.589 billion in July 2022 compared to $3.261 billion in July 2021.

July import ebb to help arrest PKR slide: Miftah

YoY basis imports declined by 12.3 percent in July 2022 and remained $4.913 billion compared to $5.601 billion in July 2021.

The country’s exports declined by 0.7 percent on a YoY basis as exports remained $2.324 billion in July 2022 compared to $2.340 billion in July 2021.

Copyright Business Recorder, 2022

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Aamir Latif Aug 02, 2022 12:22pm
Wise step to limit imports and reduce deficit, this should not be a short term ban but long term as country need to redefine its needs in this crunch time instead of wastage to spend on luxuries....
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Shahid Subzwari Aug 02, 2022 10:48pm
A good newspaper.
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