Friday July 1, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News Pakistan

Trade deficit reaches to record high of $43.3 billion

by AFP June 3, 2022

AA

 Trade deficit reaches to record high of $43.3 billion

Pakistan’s trade deficit widened alarmingly by 57.85% to $43.33 billion in the first 11 months of fiscal year 2021-22, due to higher than expected imports.

The Pakistan Bureau of Statistics (PBS) data shows that the 11-month deficit in 2018 has already broken the record of the highest trade deficit of $37 billion for the whole year.

The trade deficit is widening due to the extraordinary increase in imports due to the rise in global commodity prices, while exports have stalled at about $2.5 billion to $2.8 billion per month, mostly semi-finished and raw materials products are included.

The trade deficit reached $4.4 billion in May, up about 6.90 percent from April and 11.50 percent from May 2021.

The trade deficit reached a record high of $37.7 billion in Fiscal year 2017-18, but was reduced to $31.8 billion in the following year (2018-19) due to government measures, and then to in 2019-20, it dropped further to $23.2 billion.

However, this trend has changed again and the trade gap has reached $30.8 billion in Fiscal year 2020-21 and is expected to reach an all-time high during the current fiscal year.

Post Views: 120

Share This:

Tags: $43.3 billion budget deficit reaches record high trade
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
Entertainment

Maya Ali sends pulses racing with a

July 1, 2022
Lifestyle

A well-known Pakistani brand is under fire

July 1, 2022
World

India apex court orders Nupur Sharma to

July 1, 2022
News

July 2021-June 2022: Karachi LTO collects record

July 1, 2022
July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    
Related Stories for you

PM Shahbaz imposes 10% additional ‘Super tax’ on large-scale industries

June 24, 2022

Prime Minister Shahbaz Sharif while addressing the nation on ‘tough’ decisions taken in budget 2022-23 announced that incumbent government has

Punjab govt approves 30% increase in government employees’ salaries

June 14, 2022

The Punjab cabinet has approved a massive increase of 30% in salaries of the government employees from grades 1-19 in

Additional taxes of Rs355 billion imposed in the budget FY23: FBR

June 11, 2022

Federal Board of Revenue (FBR) Chairman Asim Ahmed has said that additional taxes of Rs355 billion have been imposed in

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.