First four months of FY18: trade deficit widens to $ 12.1Bn

Provisional trade figures released by the PBS revealed a 31.24% increase in Pakistan’s trade deficit to a whopping $ 12.1Bn during 4MFY18 compared with $ 9.24Bn during 4MFY17. Pakistan’s exports after a growth of 10.04% increased to $ 7.1Bn as against exports of $ 6.4Bn year ago. The imports after a 22.55% growth increased to $ 19.2Bn in 4MFY18 from $ 15.7Bn during 4MFY17. Month-on-month basis, trade deficit increased 8.68% to $ 3.041Bn in Oct.’17 over $ 2.80Bn in Sept.’17. Following an increase of 12.72%, exports increased to $ 1.88Bn in Oct.’17 from $ 1.68Bn a month before while imports after a growth of 10.19%, increased to $ 4.93Bn from $ 4.47Bn in Sept.’17.