According to the Pakistan Bureau of Statistics (PBS), The business-friendly policies of government bearing fruit as the country’s exports raised by 7.12% during the first 3 quarters of the current fiscal year (2020-2021) as compared to the corresponding period of the last year.
As per to detail, The exports from the Pakistan during July-March (2020-2021) were recorded at $18.685 billion against the exports of $17.443 billion during July-March (2019-20).
The Pakistan’s imports during the period under review also raised by 13.57% by growing from $34.791 billion last year to $39.512 billion during the first 3 quarters of the current fiscal year.
The trade deficit of Pakistan based on the figures, increased by 20.05% during the first 3 quarters as compared to the corresponding period of last year.
The trade deficit of Pakistan during the period was recorded at $20.827 billion against the deficit of $17.348 billion last year.
On year-on-year basis, the exports of the Pakistan raised by 30.44% during the month of March 2021 as compared to the exports during the same month in last year.
The data of PBS disclosed that the exports during March 2021 were recorded at $2.361 billion against the exports of $1.810 billion in March 2020.
The imports into the Pakistan raised from $3.308 billion in March 2020 to $5.632 billion in March 2021, showing growth of 70.25%.
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