Islamabad January 2 2025: Pakistan’s local exports grew by 10.52 percent, reaching US$16.561 billion compared to US$14.985 billion in the same period last year, according to the Pakistan Bureau of Statistics.
Meanwhile, imports increased by 6.11 percent, totaling US$27.733 billion, up from US$26.137 billion in the same period last year.
The trade deficit increased by 0.18 percent to US$11.172 billion in the first half of the current financial year (2024-25) compared to the same period last year.
In December 2024, the Pakistan’s trade deficit increased by 46.6 percent compared to November 2024, to US$2.444 billion due to 17.44 percent surge in imports.
Exports were increased by 0.28 percent compared to November 2024 to US$2.841 billion in December 2024 while imports increased by 17.44 percent to US$5.285 billion compared to the trade numbers in November 2024, according to the data.
Year-on-Year, the trade deficit increased by 34.8 percent in December 2024, with imports increasing by 14.02 percent and exports by 0.67 percent.
