Pakistan’s trade balance has deteriorated during the first half of the current fiscal year, with a sharp decline in exports and a big increase in imports, according to official documents of the Pakistan Bureau of Statistics (PBS).
Cumulatively, during the 1HFY26, the trade deficit increased by 34.6 percent YoY to $19.2 billion. Exports registered a decline of 8.7 percent during this period, while imports increased by 11.28 percent.
During the first half of the current fiscal year, Pakistan’s total exports stood at over $15.18 billion, compared to more than $16.63 billion in exports recorded in the same period of the previous fiscal year.
On the import side, Pakistan recorded imports worth over $34.38 billion in the first six months of the ongoing fiscal year, significantly higher than over $30.90 billion in imports during the corresponding period of the last fiscal year.
The documents further reveal a sharp year-on-year decline in monthly trade performance. In December of the current fiscal year, exports fell by 20 percent compared to December of the previous year. Meanwhile, imports recorded a 2 percent increase in December on a year-on-year basis.
It is happening bcoz businessmen have lost confidence on form 47 govt., policies
New investors not coming in the main estreem of the business.
That’s bcz we don’t make anything.. don’t tell us .
Tell your podcast guests this. Funny how that works