Trade deficit declines by 14 percent: Statistical department

ISLAMABAD: According to Statistical department, the trade deficit has dropped by 14 per cent in the first 9 months of PTI’s government rule.

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The trade deficit remained $33.45billion in July-March against $47billion in the same period, last year.

The exports were recorded at $17.21billion during the aforesaid period of the nine month, while the imports after witnessing a decrease by eight per cent were recorded at the level of $40.46billion as compared to $44.32billion, last year.

The Commerce Division said the economy is stabilising due to steps being taken by the government.

Last month, Pakistan’s imports had seen a significant decline of 19 percent, to $4.5 billion in January 2019, according to figures released by the statistics department.

Read more: Govt to focus on promoting ‘made in Pakistan’ goods, discourage imports: PM’s aide

According to the department, Pakistan had imported items worth $5.57 billion in January 2018, while the amount of imports reduced to $2.04 billion in Jan 2019.

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