Observer Report Islamabad
The exports of the country witnessed an increase of 13.49 percent during the first ten months of the current fiscal year (2020-21) as compared to the exports of corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The exports during July-April (2020-21) were recorded at $20.881 billion against the exports of $18.399 billion during July-April (2019-20), according to the latest PBS data.
The imports during the period under review also increased by 17.67 percent by growing from $37.992 billion last year to $44.706 billion during the first ten months of current fiscal year.
Based on the figures, the country s trade deficit increased by 21.60 percent during the first ten months as compared to the corresponding period of last year.
The trade deficit during the period was recorded at $23.825 billion against the deficit of $19.593 billion last year.
Meanwhile, on year-on-year basis, the exports of the country increased by 129.74 percent during the month of April 2021 as compared to the exports of April 2020.