Pakistan’s trade deficit doubled to $24.79 billion during the first half (July-December) of the current fiscal year 2021-22 from $12.36 billion in the same period of the last financial year.
The import bill of the country surged by 63 percent to $39.91 billion during the first half of the current fiscal year as compared to $24.47 billion in the same half of the last fiscal year, according to data shared by Arif Habib Limited.
The exports registered a growth of 25 per cent to $15.13 billion during the first six months of the current fiscal year as compared with $12.11 billion in the corresponding months of the last fiscal year.
The trade deficit for the month of December 2021 contracted by 18 percent to $4.14 billion as compared with $5.03 billion in November 2021. Import bill of the country declined by 13 percent to $6.9 billion in December 2021 as compared with $7.93 billion in November 2021. Meanwhile exports of the country also fell by five percent to $2.76 billion in December 2021 as compared with $2.9 billion in November 2021.
Meanwhile, Adviser to the PM on Commerce and Investment Abdul Razak Dawood announced on Sunday that the trade deficit during the month of December declined by 17 percent on a month-on-month basis to $4.14 billion as compared to $5.02 billion in the previous month as imports weakened by $1bn on a
