Pakistan’s exports witness 3.82% decrease in six months

BusinessPakistan’s exports witness 3.82% decrease in six months

ISLAMABAD, Pakistan: The exports from the country during July-December 2016-17 were recorded at $9.912 billion compared to the exports of $10.306 billion, showing decrease of 3.82 percent.

The imports into the country were recorded at $24.402 billion during the first half of the current fiscal year compared to the imports of $22.162 billion, showing an increase of 10.11 percent.

Based on the figures, the trade deficit during July-December (2016-17) was recorded at $14.490 billion compared to the deficit of $11.856 billion recorded during the same period of last year, showing 22.22 percent increase in deficit.

Meanwhile, on year-on-year basis, the exports from the country decreased by 3.09 percent during December 2016. The exports during December 2016 were recorded at $1.727 billion compared to the exports of $1.782 billion during December 2015.

The imports into the country during the month under review were recorded at $4.488 percent, as against the imports of $3.817 billion during last December, showing positive growth of 17.58 percent.

On month-on-month basis, the exports from the country declined 1.99 percent during the month of December 2016 when compared to the exports of $1.762 billion during November 2016.

On the other hand, the imports into the country increased by 6.10 percent in December 2016 compared to the imports of $4.230 billion during November 2016.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

US Embassy in Islamabad awards $20,000 in seed funding to women entrepreneurs

0
ISLAMABAD, Pakistan: The US Embassy in Islamabad has announced the winners of US$ 20,000 in seed grants to participants in the Embassy’s Academy for...

25 Kharji terrorists killed, 11 injured in Tirah: ISPR

0
RAWALPINDI, Pakistan: The security forces have killed 25 terrorists of Fitna-Al-Khwarij including Kharji ring leader Abuzar alias Saddam and injured further 11 in Tirah...

Interbank Dollar Rate Today in Pakistan – 27 August 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for August 27,...

Rain with thunderstorm expected in Punjab & Sindh in next 36 to 48 hours

0
NDMA issues alert to relevant departmentsISLAMABAD, Pakistan: The National Emergency Operations Center (NEOC) of NDMA anticipated more rain, thunderstorm with gusty winds in...

Membership Free of Islamabad Club

0
The Islamabad Club is functioning under the ambit of Islamabad Club (Administration) Ordinance No. XXXIII 1978 and the Islamabad Club Rules & Regulations made...
Advertisement