Exports surge by 25 percent: PBS

Exports surge by 25 percent: PBS

ISLAMABAD: The exports of the country increased by 25 percent in July 2020 as compared with the previous month owing to enhance in economic activities after ease in lockdown, according to data released by Pakistan Bureau of Statistics (PBS) on Wednesday.

The country’s exports were at $2 billion in July 2020 as compared with $1.59 billion in June 2020.

The rise in exports may be attributed to ease in lockdown and resumption of economic activities during July 2020. The lockdown was imposed since March 2020 to prevent the spread of coronavirus.

The import bill during July 2020 fell by 2 percent to $3.64 billion as compared with $3.72 billion in June 2020.

The trade deficit shrank by 22.64 percent to $1.64 billion in July 2020 as compared with deficit of $2.12 billion in June 2020.

The exports in July 2020 registered an increase of 6.04 percent when compared with $1.88 billion in July 2019.

The import bill in July 2020 fell by 2 percent when compared with $3.7 billion in July 2019.

The trade deficit reduced by 10.24 percent in July 2020 when compared with deficit of $1.82 billion in July 2019.

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