ISLAMABAD: Pakistan’s trade deficit for July 2024 has risen by 19.7% compared to the same month last year, reaching $1.95 billion. This is up from $1.63 billion in July 2023, according to the Pakistan Bureau of Statistics (PBS).
However, on a monthly basis, the deficit has improved by 19% compared to $2.41 billion in June 2024. Exports in July went up by 11.8% to $2.31 billion, compared to $2.06 billion in July 2023. Despite this, exports decreased by 9.8% from $2.56 billion in June 2024.
Imports in July 2024 increased by 15.3% to $4.26 billion, compared to $3.69 billion last year. However, they decreased by 14.3% from $4.96 billion in June 2024.
