ISLAMABAD: Exports from the country decreased to $8.5 billion in five months (July-November) of the year 2015-16 from $9.9 billion of the same period of previous year, showing 14 per cent decline.
According to the latest data of Pakistan Bureau of Statistics, imports decreased by 9 percent to $18.5 billion in July-November 2015-2016 from $20.3 billion of the same period last year.
Pakistan’s trade deficit, gap between exports and imports, narrowed to $9.9 billion during five months of the current financial year from $10.4 billion of the corresponding period of previous year with reduction of 4.15 percent.
According to the PBS data, exports decreased by 3.9 per cent in the month of November 2015, as country exported goods worth $1.66 billion as against $1.72 billion of October 2015.
Similarly, the imports went down by 0.23 per cent to $3.91 billion in November 2015 from $3.92 billion of October 2015. Therefore, trade imbalance was registered at $2.26 billion in November 2015 as against $2.2 billion of the October, showing an increase of 2.64 percent.
