Exports grew 5pc, Imports fell 18pc in Jul-Nov.


ISLAMABAD -- The country's trade deficit dipped by 33.04 per cent in the first five months of current fiscal year from a year ago, data released by the Pakistan Bureau of Statistics (PBS) showed on Wednesday. The decline is mainly due to a double-digit fall in imports along with a nominal increase in export proceeds. Moreover, the government's corrective measures to slow down imports in order to reduce pressures on foreign exchange reserves and slump in overall demand. In absolute terms, the trade gap narrowed to $9.66 billion in July-November from $14.43bn over the corresponding months last year.

On a monthly basis, the deficit fell by 29.65pc to $1.92bn in November from...

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