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.