Exports increase by 27.59% in two months of FY 2021-22

20
Islamabad

The exports from the country witnessed an increase of 27.59 percent during the first two months of the current fiscal year (2021-22) as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported.

According to PBS data, the exports from the country stood at $4.573 billion during July-August (2021-22), as against the exports of $3.584 billion recorded during July-August (2020-21), showing growth of 27.59 percent.

The imports during the months under review also went up by 72.59 percent by growing from $6.990 billion last year to $12.064 billion in July-August (2021-22).

Based on the data, the trade deficit during the period under review was recorded at $7.491 billion, showing an increase of 119.94 percent over the deficit of $3.406 billion recorded during July-August (2020-21), the PBS data revealed.

Meanwhile, on year-on-year basis, the exports of the country increased by 41.04 percent during the first two months as compared to the exports of July-August (2020-21).

The exports during July-August (2021-22) were recorded at $2.234 billion against the exports of $1.584 billion in July-August (2020-21), the data revealed.—APP

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