Trade deficit falls by 33.5% during July-Oct

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Staff Reporter

Islamabad

Over the first four months of fiscal year 2019-20, the country’s trade deficit decreased significantly by 33.5 per cent, a report by the Ministry of Commerce revealed on Saturday.
Trade deficit fell from $11.7 billion recorded from July-October of FY18-19 to $7.8bn during the same period this year.
The decrease in trade deficit can largely be attributed to a fall in imports, which recorded a decline of 19.3pc. Imports during the period of July-October 2019 amounted to $15.3bn as opposed to $19bn during the same period last year.