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.

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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