F.P. Report
ISLAMABAD: Compared to July, Pakistan’s import bill has reached $4.5 billion in August registering an increase of 21 percent, on Saturday.
As the volume of imports has increased, the trade deficit has also worsened to $2.13 billion registering an increase of 30%.
According to data released by the Pakistan Bureau of Statistics, compared to July 2023, the exports registered an increase of 14.30% on Month-on-Month in August.
Meanwhile, compared to August 2022, exports decreased by 4.83% Year-on-Year and stood at $2.36 billion.
On MoM, exports in August 2023 increased to $2.36 billion compared to $2.07 billion in July 2023.
Meanwhile, the imports increased by 21.2% MoM in August 2023 and stood at $4.49 billion compared to imports which stood at $3.71 billion in July 2023.
On YoY, the imports registered a decrease of 26% and stood at $4.49 billion as compared to August 2022 in which imports stood at $6.1 billion.
According to the data, exports decreased by 6.4% to $4.43 billion in 2MFY24, imports decreased by 25.7% to $8.19 billion in 2MFY24, and the trade deficit increased by 30% to $2.13 billion compared to July 2023.
On a cumulative basis, in 2MFY24, the trade deficit improved by 40.29% YoY to $3.76 billion as compared to $6.3bn in 2MFY23.
Rafael Grossi, Director-General of the International Atomic Energy Agency (IAEA), urged Iran on Tuesday that…
The United States is intensifying its tech war against China. In yet another act of…
Khaled Abou Zahr Was Xi Jinping’s first trip to Europe in five years a success?…
Ross Anderson With half the world ablaze, from Gaza to Donetsk and Syria to Sudan,…
Daoud Kuttab Wars are known to encompass the absence of truth and the presence of…
Belén Fernández On Wednesday, May 8, United States Defense Secretary Lloyd Austin became the first…
This website uses cookies.