ISLAMABAD: Pakistan’s exports increased 16.44 percent during the first month of the current fiscal year (2021-22) as compared to the corresponding month of last year, according to Pakistan Bureau of Statistics (PBS).
In a statement issued today (Monday), the Bureau stated that the exports from the country stood at $2.330 billion during July 2021 as against the exports of $2.001 billion recorded during July 2020, showing a growth of 16.44 percent.
Meanwhile, the imports into the country during the month under review also went up by 47.90 percent by growing from $3.674 billion in July 2020 to $5.434 billion in July 2021.
According to data, the trade deficit during the month was recorded at $3.104 billion, showing an increase of 85.53 percent over the deficit of $1.673 billion recorded during July 2020.
“On a month-on-month basis, the exports from the country witnessed negative growth of 14.59 percent during July 2021 when compared to the exports of $2.728 recorded during June 2021,” it added.
Likewise, the imports into the country during July 2021 also witnessed 14.45 percent decline when compared to the imports of $6.352 billion in June 2021, according to the PBS data.
