Trade deficit contracts 15.3% to $31.8bln in FY2019

Pakistan’s trade deficit has contracted by 15.3% to $ 31.8Bn during FY19 from $ 37.5Bn in FY18 as the govt. managed to compress imports through administrative restrictions and duties on non-essential products, but exports continued to remain subdued. In FY19, imports stood at $ 54.7Bn, down 9.8% from $ 60.7Bn. Exports inched down 1% to $ 22.9Bn as compared to $ 23.2Bn in FY18.