Trade Increases Deficit upto 40% Historic Amount of $26.55 Billion
Trade Increases Deficit upto 40.12 % in Pakistan and historic amount of 26.55 billion Doller in Ten months duration of July 2017 to April 2017 of this fiscal year. ,Last year Trade Deficit was 40.12 percent and amounting of $18.95 billion for the same duration as per Pakistan Bureau of Statistics (PBS).
According to provisional trading data as shown by PBS was a decline of 2.29 percent in exports products during July 2017 to April 2017 with exports contracting to $16.918 billion in ten months of the this fiscal year as compared to $17.314 billion for the same duration of last year.
But in other hand Imports increased to amounting $43.473 billion for the ten month duration as compared to amounting $36.265 billion and 19.88 percent for the same period of last fiscal year.
Trade Increases Deficit in not good sign for the country and may create problem with looming repayment of foreign debt.
Government revenue is going to decline and It may not support payment position of balance. .
The analysts say that increase in export and Foreign Direct Investment (FDI) is critical to support the balance of payment and meet the financial requirements of the country.
Trade deficit increased to $3.193 billion in April 2017, up by 51.69 percent from $2.105 billion for the same month a year ago. An increase of 5.19 percent was noted in the exports in April 2017 while increase in imports was substantially high, 30.80 percent.
Trade deficit in April 2017 was recorded at $3.193 billion, which was 0.47 percent less from $3.208 billion for the previous month of March 2017.
An increase of 0.22 percent in exports and decrease of the same percent in imports was recorded by the PBS in April 2017 over the previous month. Exports increased to $1.805 billion in April 2017 over $1.801 billion in March 2017 while imports have decreased to $4.998 billion as compared to $5.009 billion.
All information taken from propakistani.pk.