ISLAMABAD: Pakistan's trade deficit in the first quarter of the current fiscal year starting from July 2023 to June 2024 witnessed a decline of over 42% as compared to the same period of last fiscal year, the Pakistan Bureau of Statistics (PBS) said.
Based on the difference between exports and imports figures, the trade deficit was recorded at $5.289 billion for the July-September period of the 2023-24 fiscal year against the deficit of $9.159 billion during the same period of the 2022-23 year, showing a negative growth of 42.25%, the PBS said on Monday.
The exports from July to September of the year 2023-24 were recorded at $6.899 billion against the exports of $7.170 billion during the corresponding period of the last fiscal year, showing a decline of 3.78%, the PBS data showed.
On the other hand, the country's imports narrowed by 25.36% by falling from $16.329 billion during July to September of the 2022-23 fiscal year to $12.188 billion during the same period of the current fiscal year.
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