ISLAMABAD: The country’s export decreased by 13.42 per cent to $6.9 billion during the first four months (July-October) of current fiscal year 2015-2016 as compare to $8 billion of the same period of last year.
According to the Pakistan Bureau of Statistics data, the country’s imports had reduced to $14.6 billion during July-October of 2015-2015 from $16.7 billion of the same period last year, showing decline of 12.76 percent. Pakistan’s trade deficit, gap between exports and imports, had narrowed to $7.7 billion during four month of the current financial year from $8.8 billion of the corresponding period of previous year with reduction of 12.15 percent.
On monthly basis, the exports decreased by 0.17 percent in the month of October 2015, as country exported goods worth of $1.72 billion as against $1.73 billion of September 2015. However, the imports had gone up by 12.65 percent to $3.9 billion in October 2015 from $3.5 billion of September 2015. Therefore, Pakistan’s trade imbalance had registered at $2.2 billion in October 2015 as against $1.8 billion of the September showing an increase of 25.33 percent.
