Pakistan’s trade deficit in November 2024 narrowed by 18.60 percent year-on-year (YoY) to $1.589 billion as compared to a deficit of $1.952 billion recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS).
Exports registered 8.98 percent growth and stood at $2.804 billion in November 2024 when compared to $2.573 billion during the same month of last fiscal year.
Imports registered 2.92 percent decline and stood at $4.393 billion in November 2024 when compared to $4.525 billion during the same month of last fiscal year.
Month-on-month basis
On monthly basis, trade deficit widened by 0.19 percent and stood at $1.589 billion in November 2024 compared to a deficit of $1.586 billion recorded in October 2024.
Exports in November 2024 declined by 5.97 percent to $2.804 billion compared to $2.982 billion in October 2024. Imports decreased by 3.83 percent in November 2024 and stood at $4.393 billion compared to $4.568 billion in October 2024.
5-Month performance
The trade deficit narrowed by 7.39 percent during the first five months of the current fiscal year and stood at $8.651 billion compared to $9.341 billion during the same period of last fiscal year.
The country’s exports increased by 12.57 percent during the first five months (July-November) of FY25 and stood at $13.691 billion compared to $12.162 billion during the same period of FY24.
The country’s imports increased by 3.90 percent and stood at $22.342 billion during the first five months of the current fiscal year compared to $21.503 billion during the same period of last fiscal year.
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یہ مضمون پاکستان کے تجارتی خسارے میں کمی کے بارے میں اہم معلومات فراہم کرتا ہے، جو کہ معیشت کی بہتری کی جانب ایک مثبت قدم ہے۔ برآمدات میں اضافہ اور درآمدات میں کمی اس بات کی نشاندہی کرتی ہے کہ ملک کی اقتصادی حالت میں بہتری آ رہی ہے۔ مزید معلومات کے لیے، براہ کرم اس آرٹیکل کو پڑھیں: یہاں کلک کریں۔
There was no trade to begin with . How can there be a grade deficit when govt banned or stopped or slowed down imports ? People cannot afford prices anymore even if they do allow thanks to high taxes .