AVN 64.90 Decreased By ▼ -0.10 (-0.15%)
BAFL 31.50 Increased By ▲ 0.35 (1.12%)
BOP 4.80 Increased By ▲ 0.09 (1.91%)
CNERGY 3.91 Increased By ▲ 0.03 (0.77%)
DFML 13.48 Decreased By ▼ -0.22 (-1.61%)
DGKC 41.87 Increased By ▲ 0.60 (1.45%)
EPCL 46.80 Increased By ▲ 0.11 (0.24%)
FCCL 11.42 No Change ▼ 0.00 (0%)
FFL 5.07 Increased By ▲ 0.03 (0.6%)
FLYNG 5.86 Increased By ▲ 0.04 (0.69%)
GGL 9.95 No Change ▼ 0.00 (0%)
HUBC 64.75 Increased By ▲ 0.65 (1.01%)
HUMNL 5.68 Increased By ▲ 0.03 (0.53%)
KAPCO 27.98 Increased By ▲ 0.18 (0.65%)
KEL 2.17 Increased By ▲ 0.04 (1.88%)
LOTCHEM 24.50 Increased By ▲ 0.20 (0.82%)
MLCF 21.80 Increased By ▲ 0.40 (1.87%)
NETSOL 84.30 Increased By ▲ 0.10 (0.12%)
OGDC 87.95 Increased By ▲ 0.01 (0.01%)
PAEL 11.10 Increased By ▲ 0.20 (1.83%)
PIBTL 4.20 Increased By ▲ 0.02 (0.48%)
PPL 77.10 Decreased By ▼ -0.60 (-0.77%)
PRL 13.70 Increased By ▲ 0.08 (0.59%)
SILK 0.91 Increased By ▲ 0.02 (2.25%)
SNGP 41.65 Decreased By ▼ -0.28 (-0.67%)
TELE 5.96 Increased By ▲ 0.09 (1.53%)
TPLP 15.76 Decreased By ▼ -0.02 (-0.13%)
TRG 111.70 Decreased By ▼ -0.60 (-0.53%)
UNITY 13.92 Decreased By ▼ -0.03 (-0.22%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 4,059 Increased By 11.5 (0.28%)
BR30 14,519 Increased By 51.8 (0.36%)
KSE100 40,752 Increased By 79.1 (0.19%)
KSE30 15,231 Increased By 40.4 (0.27%)
Follow us

ISLAMABAD: Pakistan’s trade deficit widened by 28.89 per cent on a month-on-month basis to $3.53 billion in August 2022 when compared to $2.739 billion in July 2022, says Pakistan Bureau of Statistics (PBS).

The monthly data released by the Bureau noted that the country’s trade deficit narrowed by 17.13 per cent during the first two months (July-August) of the current fiscal year and stood at $6.269 billion compared to $7.565 billion during the same period of last fiscal year. Exports increased by 3.75 per cent to $4.759 billion during July-August 2022-23 compared to $4.587 billion in the corresponding period of the last fiscal year.

Trade deficit

The imports declined by 9.25 per cent to $11.02 billion during the first two months of the current fiscal year as compared with $12.152 billion in the same period of the last fiscal year. The exports recorded 11.07 per cent increased to $2.504 billion in August 2022 when compared with $2.254 billion in July 2022. Import increased by 20.84 per cent to $6.034 billion in August 2022 when compared with $4.993 billion in July 2022.

The trade deficit narrowed by 18.49 per cent on a year-on-year basis to $3.530 billion in August 2022 compared to $4.330 billion in August 2021. Imports declined by 8.26 per cent on a YoY basis and remained $6.034 billion in August 2022 compared to $6.577 billion in August 2021. Exports increased by 11.44 per cent on a YoY basis and remained $2.504 billion in August 2022 compared to $2.247 billion in August 2021.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Aug trade deficit soars 28.89pc to $3.53bn MoM

Govt team tries to persuade IMF to unlock lending

Intra-day update: rupee falls against US dollar

Fitch says PKR to further weaken

US, India partnership targets arms and AI to compete with China

Peshawar attack: ’Who brought the terrorists back?, asks PM Shehbaz

Former CM Parvez Elahi claims his residence raided by police

Eight rockets fired at Turkish base in Iraq

IMF revises Pakistan’s GDP growth projections downward

Paracetamol: govt to allow increase in price

Govt plans to convert Rs800bn PHL debt into public debt