Trade

SHARP DECREASE IN IMPORTS AND EXPORTS

KARACHI: Pakistan’s present record again recorded an overflow in August at $297 million, as against a shortfall of $601m in the comparing time of earlier year, detailed the State Bank on Wednesday.

Nonetheless, the current record surplus plunged by 71 percent contrasted with $508m in July, which was overhauled upwards from $424m reported before.

For July-August in total, the current record surplus came in at $805m, as against a deficiency of $1.214bn in comparative time of FY20.

With the second successive current record surplus in the new monetary year, the nation hopes to have improved its outer front which was confronted a deficiency of $20bn in FY18.

Pakistan: Rising Imports, Declining Exports & Premature Deindustrialization  | Pakistan Business Council

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