ISLAMABAD: The country’s exports decreased by 14 per cent during the July-September of the current fiscal year 2015-16.
According to the latest data of the Pakistan Bureau of Statistics, Pakistan exported goods worth of $5.2 billion during the corresponding period as compared with $6 billion of the same period of last year depicting decline of 13.93 percent. Meanwhile, the country’s imports had also gone down by 14.39 percent to $10.7 billion in the first quarter of current fiscal year from $12.5 billion of the same months of the previous financial year. Therefore, Pakistan’s trade deficit, gap between exports and imports, had shrunk by 14.8 percent to $5.5 billion in July-September period of the year 2015-16 from $6.5 billion of the corresponding period of the last year.
According to the PBS data, Pakistan’s exports had decreased by 5.6 percent in the month of September 2015, as country exported goods worth of $1.7 billion as against $1.8 billion of August 2015. Similarly, imports had reduced by 8.8 percent to $3.5 billion in September 2015 from $3.8 billion of August 2015. Therefore, Pakistan’s trade imbalance had registered at $1.8 billion in September 2015 as against $2 billion of the August showing decline of 11.82 percent.
Meanwhile, the Pakistan Bureau of Statistics suggested that exports went down by 20.37 percent in September 2015 as against exports of the same month of the previous year. Exports were recorded at $1.7 billion in September 2015 as compared to $2.2 billion of September 2014. However, the imports recorded massive decrease of 23.27 percent, as imports were registered at $3.5 billion in September 2015 against $4.5 billion of September 2014.
