Pakistan’s trade deficit swells 34% to hit $31b

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Observer Report
Karachi

Pakistan’s trade deficit has swollen 34 per cent during the fiscal year 2020/21, despite record exports, according to the data released by the Pakistan Bureau of Statistics (PBS) on Saturday.

The trade deficit stood at $31.05 billion during the fiscal year 2020/21, compared with the deficit of $23.16 billion in the preceding fiscal year.

The exports of the country went up 18.11 per cent to a record $25.27 billion during the period under review, compared with $21.39 billion in the preceding fiscal year.

Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood, in a tweet.

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