Pakistan’s Trade Loss reached $ 30 Billion

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Pakistan's Trade Loss reached $ 30 Billion

Pakistan’s trade Loss reached $ 30 Billion

Islamabad –

Pakistan’s trade deficit has reached $ 30 billion for the first time in history.

 

According to the Pakistan Institute for Statistics, the difference in imports and exports from last July to $ 29.99 billion was May, which is 42.1% or $ 8.9 billion higher than the previous financial year.

 

In the last quarter, the import rate was too high and it spent $ 5 billion in this regard, and apparently, the trade deficit is not in control.

 

At the beginning of this fiscal year, the federal finance minister had targeted a deficit target of $ 2.5 billion, but the opposition figures are showing a loss of $ 9.5 billion more than that target.

 

It is said that the value of rupees compared to the dollar is relatively cheap, but it has caused a rise in the commercial deficit.

 

On the other hand, during the fiscal year ending this month, exports fell by 3.1 percent to $ 18.5 billion, which were less than $ 59 million in comparison to the previous financial year.

 

Federal Finance Minister Ishaq Dar said on Tuesday that the budget was being made in the export sector as well as other measures are being done in the National Assembly.

 

The exporters are also being provided to the exporters.

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