AIRLINK 60.45 Decreased By ▼ -0.52 (-0.85%)
BOP 6.32 Increased By ▲ 0.03 (0.48%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 16.00 Increased By ▲ 0.14 (0.88%)
DGKC 69.01 Decreased By ▼ -0.29 (-0.42%)
FCCL 18.09 Decreased By ▼ -0.11 (-0.6%)
FFBL 26.24 Decreased By ▼ -0.01 (-0.04%)
FFL 9.34 Increased By ▲ 0.11 (1.19%)
GGL 10.24 Decreased By ▼ -0.01 (-0.1%)
HBL 115.42 Decreased By ▼ -1.58 (-1.35%)
HUBC 116.06 Increased By ▲ 1.58 (1.38%)
HUMNL 7.03 Increased By ▲ 0.10 (1.44%)
KEL 5.02 Increased By ▲ 0.13 (2.66%)
KOSM 5.68 Increased By ▲ 0.35 (6.57%)
MLCF 38.72 Increased By ▲ 0.22 (0.57%)
OGDC 132.17 Increased By ▲ 8.20 (6.61%)
PAEL 21.76 Decreased By ▼ -0.09 (-0.41%)
PIAA 12.80 Increased By ▲ 1.00 (8.47%)
PIBTL 6.10 No Change ▼ 0.00 (0%)
PPL 119.87 Increased By ▲ 6.12 (5.38%)
PRL 28.17 Decreased By ▼ -0.13 (-0.46%)
PTC 12.08 Increased By ▲ 0.63 (5.5%)
SEARL 51.80 Decreased By ▼ -0.50 (-0.96%)
SNGP 68.77 Increased By ▲ 1.07 (1.58%)
SSGC 11.46 Increased By ▲ 0.13 (1.15%)
TELE 8.19 Increased By ▲ 0.34 (4.33%)
TPLP 11.53 Decreased By ▼ -0.05 (-0.43%)
TRG 72.75 Increased By ▲ 0.94 (1.31%)
UNITY 23.62 Increased By ▲ 0.52 (2.25%)
WTL 1.37 Increased By ▲ 0.08 (6.2%)
BR100 6,790 Increased By 72.9 (1.09%)
BR30 23,078 Increased By 560.6 (2.49%)
KSE100 65,952 Increased By 626 (0.96%)
KSE30 22,417 Increased By 271.6 (1.23%)
Pakistan

Pakistan’s trade deficit narrows 34% to $9.38bn in 5MFY24

  • Stood at $14.28bn in same period of the previous year
Published December 1, 2023

Pakistan’s trade deficit shrank 33.59% to $9.38 billion in 5MFY24 on account of a significant reduction in imports, a direct result of administratively controlled measures.

The country’s trade balance, gap between exports and imports, was recorded at a deficit of $9.38 billion in July to November period of the year 2023-24 as compared to $14.28 billion in the same period of the previous year, according to data released on Friday by the Pakistan Bureau of Statistics (PBS).

In the period under review, imports saw a massive decrease while exports saw a marginal increase, which reduced the trade deficit.

During 5MFY24, Pakistan’s exports increased by 1.93% to $12.17 billion from $11.94 billion in the corresponding period of the previous year.

Exports improved significantly by 7.66% to $2.57 billion in November 2023 from $2.39 billion in same month of the previous year

On the other hand, imports fell by 17.3% to $21.55 billion in the July to November period, down from $26.06 billion in the same period of FY22.

Monthly figures

According to PBS, the country’s trade deficit shrunk by nearly 32% to $1.89 billion in November 2023 from $2.77 billion in the same period of the last year.

Exports improved significantly by 7.66% to $2.57 billion in November 2023 from $2.39 billion in same month of the previous year. On the other hand, imports reduced by 13.5% to $4.46 billion in November 2023 from $5.15 billion in the same month last year.

On a monthly basis, the trade deficit declined by 13.2%, as compared to $2.17 billion in October 2023.

The data showed both exports and imports decreased, however, the decline in imports was more pronounced.

Exports narrowed by 4.4% to $2.57 billion in November from $2.69 billion in the preceding month of October. Meanwhile, imports have reduced by 8.3% to $4.46 billion from $4.86 billion in last month.

Comments

200 characters
Arsalan Dec 01, 2023 08:30pm
You all auto rikshaw makers make 3rd class rikshaws, people who are driving rikshaws are badly suffering to maintain their auto rikshaws, just ask them how they daily suffer and many people are gone in debt just to maintain their rikshaws but you don't bother but only in selling making profit filthy bastards
thumb_up Recommended (0) reply Reply
Zaman Dec 01, 2023 10:33pm
Opt Pakistan Railways for transportation then! It would not only benefit manufacturers but also to Pakistan Railways!
thumb_up Recommended (0) reply Reply