In the first quarter (July-September) of the fiscal year 2024-25, Pakistan’s exports surged by 14.11%, reaching $7.875 billion, compared to $6.901 billion during the same period last year.
However, the country also experienced a widening trade deficit, which increased by 4.24% to $5.435 billion, up from $5.214 billion in the first quarter of the previous fiscal year.
According to data from the Pakistan Bureau of Statistics (PBS), imports for the same period rose by 9.86%, amounting to $13.310 billion, compared to $12.115 billion last year.
In September 2024, the trade deficit further expanded by 20.35% year-on-year, totaling $1.780 billion, compared to $1.479 billion in September 2023.
Exports for the month grew by 13.52% to $2.805 billion, up from $2.471 billion the previous year.
Conversely, imports increased by 16.08%, reaching $4.585 billion, compared to $3.950 billion in September 2023.
On a month-to-month basis, the trade deficit widened by 1.89% in September compared to August 2024, where it stood at $1.747 billion.
Exports in September saw a slight rise of 1.56%, increasing from $2.762 billion in August, while imports rose by 1.69%, up from $4.509 billion in the previous month.
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