Islamabad: During the first eight months (July to February) of the fiscal year 2022-23, Pakistan’s trade deficit decreased by 32% to the level of 21 billion 44 million dollars.
According to the data released by the Federal Bureau of Statistics, during the first eight months (July to February) of the fiscal year 2022-23, domestic exports were 18 billion 678 million dollars, compared to 20 billion 573 million dollars in the same period of the previous financial year. were exported. Thus, during eight months, exports decreased by 9.21%.
The statistics further revealed that between July and February, Pakistan imported a total of 40 billion 118 million dollars, which is 23.51% less than the exports made during the period under review of the financial year 2021-22. In the period of July to February last financial year, the import volume was 52 billion 45 crore 20 lakh dollars.
In this sense the financial year 2022-23 The total trade deficit during the first eight months of During the period under review in the previous financial year, the trade deficit was 31 billion 87 billion 90 million dollars.
These statistics show that the country’s trade deficit has decreased by 32.75% during the first eight months of this financial year.