Pakistan’s trade deficit has dropped by a big margin, positively impacting on the country’s external sector. Exports are rising exponentially compared to imports, which climbed in January compared to December, WealthPk reported.
According to the Pakistan Bureau of Statistics (PBS), trade deficit shrank 30% month-on-month to $3.362 billion in January 2022 as against $4.816 billion in the previous month [December 2021]. Imports fell by 22.06% in January 2022 to $5.908 billion from $7.580 in December 2021. Furthermore, exports fell by 7.89% in January 2022 to $2.546 billion from $2.764 billion in December 2021. However, trade deficit widened by 26.49% year-on-year to $3.362 billion in January 2022, up from $2.658 billion in Jan.—INP
