Tag Archives: Trade Deficit

Pakistan’s economy stands at a critical juncture, with the government and stakeholders working tirelessly to steer the nation toward sustainable growth and fiscal stability. As we look ahead to FY25, several key initiatives and reforms are set to shape the economic landscape. From fiscal consolidation to structural reforms and IMF support, here’s a comprehensive overview of Pakistan’s economic roadmap. The …

Merchandise Exports Show Strong Growth in August Pakistan’s merchandise exports increased nearly 16% to $2.74 billion in August 2024, compared to $2.36 billion in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The growth momentum picked up in August due to improved international orders and exchange rate stability. On a …

Introduction: In the first month of the current fiscal year 2023-24 (FY24), Pakistan’s exports witnessed a decline of nearly 13%, impacting the country’s trade balance. Despite a decrease in imports and a narrowed trade deficit, economic challenges persist, leading to concerns about the country’s economic growth. Month-on-Month Decline: According to the Pakistan Bureau of Statistics (PBS), the country’s exports stood …

Introduction: Pakistan’s gold imports witnessed a remarkable surge during the fiscal year 2022-23, recording a substantial growth of 37.40 percent compared to the previous year. The country’s total gold imports for the mentioned period amounted to $30.651 million, marking a significant increase from $22.623 million in the previous fiscal year. While this surge indicates a positive trend in gold imports, …