AGL73.59▲ 6.69 (0.10%)AIRLINK179.61▼ -2.53 (-0.01%)BOP11.52▼ -0.11 (-0.01%)CNERGY7.98▼ -0.23 (-0.03%)DCL9.02▼ -0.24 (-0.03%)DFML46.03▼ -0.03 (0.00%)DGKC132.62▼ -0.56 (0.00%)FCCL46.62▼ -0.55 (-0.01%)FFL16.61▲ 0.44 (0.03%)HUBC141.07▼ -2.15 (-0.02%)HUMNL13.15▼ -0.26 (-0.02%)KEL4.51▼ -0.11 (-0.02%)KOSM6.25▲ 0.09 (0.01%)MLCF59.4▲ 0.15 (0.00%)NBP77.07▼ -1.29 (-0.02%)OGDC227.35▲ 0.54 (0.00%)PAEL48.18▼ -0.05 (0.00%)PIBTL10.47▼ -0.25 (-0.02%)PPL191.38▼ -0.89 (0.00%)PRL38.14▼ -0.99 (-0.03%)PTC24.31▲ 0.06 (0.00%)SEARL99.96▼ -2 (-0.02%)TELE8.01▼ -0.09 (-0.01%)TOMCL35.34▲ 0.58 (0.02%)TPLP11.1▲ 0.14 (0.01%)TREET23.4▲ 0.28 (0.01%)TRG68.21▼ -0.32 (0.00%)UNITY29▼ -0.56 (-0.02%)WTL1.4▼ -0.02 (-0.01%)

August trade deficit swells to $3.5 billion MoM

current account deficit of Pakistan FY23
Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

Islamabad: August trade deficit of Pakistan swelled by 31% to hit 3.5 billion on a month-on-month basis, the Pakistan Bureau of Statistics (PBS) said in a report on Thursday.

According to the revised summary on trade by the PBS, during August – the second month of the fiscal year 2023 – the total exports and imports amounted to $2.48 billion and $6 billion, respectively. Whereas, in July of FY23, the total exports and imports amounted to $2.25 billion and $4.99 billion, respectively.

On a month-on-month basis, the trade deficit in August was recorded at 31%.

Pakistan’s exports, imports down in July: PBS

However, on a year-on-year basis, the trade deficit stood at 17.1% because exports and imports in August of FY22 amounted to $2.24 billion and $6.57 billion, respectively.

Cumulatively, the total trade imbalance recorded in the first two months (July and August) of FY23 clocked in at $6.32 billion. Compared to the same period of FY22, when the trade deficit amounted to $7.56 billion, the total trade deficit stands at 16.36% so far in the first two months.

August trade deficit

Whopping $48.38bn trade deficit recorded during FY22

It is important to know that Pakistan’s trade imbalance recorded a whopping increase of 55.7pc during the fiscal year 2022, taking the total imbalance between imports and exports to $48.38 billion

Related Posts

Get Alerts