Sunday, January 23, 2022  | 19 Jamadilakhir, 1443
Samaa TV
Facebook Twitter Youtube
HOME > News

Imports fall, exports rise as government strives to plug deficit

PM's adviser shares numbers for December

SAMAA | - Posted: Jan 2, 2022 | Last Updated: 3 weeks ago
Posted: Jan 2, 2022 | Last Updated: 3 weeks ago

Photo: AFP/File

Pakistan’s total imports decreased by $1 billion from $7.9 billion to $6.9 billion in December 2021 as compared to November 2021. The import projection for the month was $6.2 billion. 

The data was shared by the Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood in a tweet. 

He added that in the same period, exports increased by 16.7% from Rs2.36b to $2.76b. However, they were still lower than the monthly target of $2.8b. 

In the first half of the fiscal year 2021-22 (July-December), the total magnitude of exports stood at $15.12b as compared to $12.11b in the corresponding period last year. 

Pakistan’s current account deficit, the difference between exports and imports, has been increasing over the past few months.

In November, the deficit stood at $5.10b, the highest trade deficit recorded in a single month. The $4.14 billion deficit in December is significantly lower than the previous month.

During the first five months of current fiscal year, Pakistan exported goods $12.36b worth, while imported items $33.11b worth. The trade deficit stood at $20.74b. 

FaceBook WhatsApp

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp

pakistan's trade deficit

Gusty winds turn Karachi weather dusty, AQI drops
Karachi Green Line buses pelted with stones
Former MQM Senator Mian Ateeq arrested
More cold weather forecast for Karachi
Chinese firm garbage staff attacked in Korangi
Karachi lockdown, weather updates, Yemen under attack
Talks broke down over TTP’s harsh conditions: Sheikh Rasheed
Imran Khan: If ousted, I will be a bigger threat
PTI names Hammad Azhar  as Lahore mayoral candidate
Explosion in Kohat leaves four dead, one child injured
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp