Trade deficit widens to $37.7b

[ahlam1399]

KARACHI: Pakistan’s trade deficit widened 15.9 percent to $37.7 billion during the last fiscal year of 2017/18 as imports continued to outweigh exports, official data showed on Wednesday.Pakistan Bureau of Statistics (PBS) data showed that trade deficit amounted to $32.5 billion during the preceding fiscal year of 2016/17.Exports increased 13.7 percent to $23.2 billion in the July-June period of 2017/18, while annual imports soared 15.1 percent to $60.9 billion.Exports are showing recovery on financial incentives announced by the previous government to arrest constant decline in outbound shipments. Imports are expected to cool in the coming period as Chinese-pledged infrastructure projects are reaching advance stage.In June, trade deficit expanded 46.1 percent year-on-year to $3.8 billion with exports down one percent to $1.9 billion and imports up 26.2 percent to $5.7 billion, PBS data showed.Trade deficit marginally increased 3.7 percent in June over May as exports fell 11.9 percent and imports dropped 2.1 percent month-on-month.http://feeds.feedburner.com/~r/com/cwEr/~4/Nm6pG4_BPaM

أكثر... (http://feedproxy.google.com/~r/com/cwEr/~3/Nm6pG4_BPaM/340803-trade-deficit-widens-to-37-7b)