Trade deficit shrinks one-third to $ 17 billion.

Pakistan's Trade deficit shrank one-third to $17 billion in the first half of current fiscal year on the back of compression of imports, which are still large for a country that has a mere $5.8 billion in foreign currency reserves coupled with political inaction to rectify the situation. From July through December 2022, the gap between imports and exports was recorded at $17.1 billion, down by $8.3 billion, or 33 percent, compared to the same period of last year, the Pakistan Bureau of Statistics (PBS) reported on Tuesday. Despite giving hundreds of billions...