Trade deficit narrows 12.3% to $24.09bn in 24th year as exports rise
A representational image of containers. — Reuters/File Total exports increase by 10.54%, reaching 30.645 billion dollars. Economists attribute the decline to sluggish economic growth. The resilience of the trade deficit has weighed on the Pakistani rupee. Islamabad: Pakistan’s trade deficit shrank by 12.3 percent in 2024 to $24.09 billion from $27.47 billion in FY23, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. During July 2023-June 2024, total exports, however, increased by 10.54% to $30.645 billion, while imports contracted by 0.84% to $54.73 billion. In June 2024, Pakistan’s exports of goods abroad increased by 7.3% to
