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Pak-USA trade surplus down by 1.90pc

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STAFF REPORTER

ISLAMABAD Pakistan’s goods and trade services w ith United State of America (USA) w itnessed decrease of 1.90 percent in surplus during first eight months of current financial year (2019-20) as compared to the corresponding period of last year. The overall exports to USA were recorded at $2755.213 million during July-February (2019-20) against exports of $2687.053 million during July-February (2018-19), showing growth of 2.53 percent, according to State Bank of Pakistan (SBP). Overall Pakistan’s exports to other countries witnessed an increase of 2.64 percent in eight months, from $16.009 billion to $16.433 billion, the SBP data revealed. On the other hand, the imports from USA into the country during the period were recorded at $1469.674 million against $1376.547 million last year, showing increased 16.76 percent in first eight months of this year

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