Trade deficit increases by 2 percent in first quarter

ISLAMABAD: The trade deficit has increased by 2 percent during first quarter (July – September) 2020/2021 due to uptick in import bill.

According to trade data released by Pakistan Bureau of Statistics (PBS) on Monday, the import bill of the country increased to $11.26 billion during the first quarter of current fiscal year as compared with $11.1 billion in the corresponding period of the last fiscal year.

On the other hand, exports of the country registered nominal decline of one percent to $5.46 billion during the quarter under review as compared with $5.51 billion in the same quarter of the last fiscal year.

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