Exports increase by 3.75% in 2 months

50

The exports from the country witnessed an increase of 3.75 percent during the first two months of the current fiscal year (2022-23) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported Friday.

According to PBS data, the exports from the country were recorded at $4.759 billion during July-August (2022-23) against the exports of $4.587 billion recorded during July-August (2021-22), showing growth of 3.75 percent.

On the other hand, the imports into the country decreased by 9.25 percent by declining from $12.152 billion last year to $11.028 billion in July-August (2022-23). Based on the data, the trade deficit during the period under review was recorded at $6.269 billion, showing a decrease of 17.13 percent over the deficit of $7.565 billion recorded during last year, the PBS data revealed.

Meanwhile, on year-on-year basis, the exports of the country increased by 11.44 percent during August 2022 as compared to the exports of the same month of last year. —APP

 

Previous articleGold price up by Rs.3000 per tola
Next articleGoogle trained over 800 women developers under its Women Techmaker initiative