Karachi, September 1, 2023 – Pakistan’s trade deficit has undergone a significant contraction, decreasing by over 40 percent during the first two months of fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Pakistan’s Exports Witness 12.68% Decline in July 2023
Islamabad, August 2, 2023 – The latest data released by the Pakistan Bureau of Statistics (PBS) indicates a significant decline in the country’s exports by 12.68% in July 2023, as compared to the previous month.
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Pakistan Achieves Impressive 43% Decline in Trade Deficit During FY23
Islamabad, July 3, 2023: Pakistan has made significant progress in its trade dynamics, as official data released on Monday reveals a remarkable 43% decline in trade deficit during the fiscal year 2022-23 when compared to the preceding fiscal year.
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Pakistan’s Import Bill Surges by 43% in May 2023, Trade Deficit Widens
Karachi, June 2, 2023 – Pakistan’s import bill experienced a substantial increase of 43% in May 2023, reaching $4.28 billion compared to $2.99 billion in the previous month, according to official statistics released on Friday. In contrast, exports recorded a nominal increase, reaching $2.19 billion in May 2023 compared to $2.14 billion in April 2023.
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Pakistan’s exports plunge 12% in first 10 months of FY23, imports down 28%
Pakistan’s economy has been hit hard as the country’s exports fell by 12% during the first ten months of the current fiscal year, according to data released by the Pakistan Bureau of Statistics.
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Pakistan exports plummet by 10% during July – March 2022-2023
Exports of Pakistan have plummeted by 10 percent during nine month (July – March) 2022-2023, official data revealed on Monday.
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Pakistan’s trade deficit contracts by 33% in 8MFY23
ISLAMABAD: Pakistan’s trade deficit contracted by 33 per cent to $21.3 billion during first eight months (July – February) of fiscal year 2022-2023, according to official numbers released on Friday.
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Pakistan trade deficit narrows by 32pc in 7MFY23
KARACHI: Trade deficit of Pakistan narrowed by 32 per cent during first seven months of the current fiscal year 7MFY23, according to official data released on Thursday.
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Pakistan’s exports decline by 5.8pc in 1HFY23
ISLAMABAD: Pakistan’s exports have declined by 5.8 per cent in the first half (July – December) of fiscal year 2022-2023, according to official trade data released on Tuesday.
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Pakistan exports plunge 18.34pc in November 2021
ISLAMABAD: Pakistan exports have registered 18.34 per cent decline Year on Year (YoY) in November 2022 owing to import restrictions and slowdown in global demand.
Data released by Pakistan Bureau of Statistics (PBS) on Thursday revealed that exports fell to $2.37 billion in November 2022 when compared with $2.9 billion in the corresponding month last year.
READ MORE: Pakistan’s import restrictions help narrowing trade deficit by 27%
Imports of the country recorded 33.60 per cent decline to $5.245 billion in November 2022 when compared with $7.9 billion in the same month of the last year.
This resulted contraction in trade deficit of 42.46 per cent to the deficit of $2.876 billion in November 2022 as against $5 billion in the same month of the last year.
READ MORE: Pakistan import bill falls by 12.72% in 1QFY23
The decline in exports can be attributed to the restrictions imposed on imports which hampered industrial and export activities. Furthermore, global slowdown also added to export fall.
Meanwhile, exports recorded a nominal decline of 0.63 per cent to $2.37 billion in November 2022 when compared with previous month of September 2022 at $2.38 billion.
However, imports recorded an increase of 11.34 per cent to $5.24 billion on Month on Month (MoM) in November 2022 when compared with $4.71 billion in the previous month.
READ MORE: Pakistan trade deficit narrows by 17% in 2MFY23
This brings the widening of trade deficit by 23.59 per cent to $2.876 billion in November 2022 when compared with the deficit of $2.33 billion in September 2022.
Overall trade deficit during first five months (July – November) 2022/2023 contracted by 30.14 per cent to $14.41 billion when compared with the deficit of $20.62 billion in the corresponding months of the last fiscal year.
READ MORE: Pakistan’s trade deficit narrows by 18% in July 2022
Exports of the country recorded 3.48 per cent decline to $11.93 billion during first five months of the current fiscal year as against $12.36 billion in the same months of the last year.
Whereas, import bill fell by 20.15 per cent to $26.34 billion during the period of July – October of fiscal year 2022-2023 as against $32.98 billion in the same period of the last fiscal year.