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In the first ten months of the current financial year, the country’s trade deficit increased by 20.28 per cent.
According to details surfaced on Tuesday, the Pakistan Bureau of Statistics (PBS) has said that on a monthly basis, the trade gap rose sharply by 43.50 per cent. From July to April, a significant rise was recorded in the trade deficit, mainly due to a decline in exports and a continuous increase in imports.
During the period, the trade deficit widened to nearly $32 billion, showing an increase of $5.49 billion compared with the same period last year.
Exports fell by 6.25 per cent to $25.10 billion dollars, while imports rose by 7.85 per cent, crossing $57 billion.
Although exports showed a 9.50 per cent improvement in April, a rise of more than 28 per cent in imports during the same month further increased the pressure on the trade deficit.
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