Exports Increased By 27.59% In Two Months Of FY 2021-22
September 04, 2021
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ISLAMABAD (APP): The exports from the country witnessed an increase of 27.59 percent during the first two months of the current fiscal year (2021-22) as compared to the corresponding months of last year, the Pakistan Bureau of Statistics (PBS) reported.According to PBS data, the exports from the country stood at $4.573 billion during July-August (2021-22), as against the exports of $3.584 billion recorded during July-August (2020-21), showing a growth of 27.59 percent.The imports during the months under review also went up by 72.59 percent by growing from $6.990 billion last year to $12.064 billion in July-August (2021-22).Based on the data, the trade deficit during the period under review was recorded at $7.491 billion, showing an increase of 119.94 percent over the deficit of $3.406 billion recorded during July-August (2020-21), the PBS data revealed.Meanwhile, on a year-on-year basis, the exports of the country increased by 41.04 percent during the first two months as compared to the exports of July-August (2020-21).The exports during July-August (2021-22) were recorded at $2.234 billion against the exports of $1.584 billion in July-August (2020-21), the data revealed.The imports into the country increased from $3.316 billion July-August (2020-21) to $6.463 billion in July-August (2021-22), showing a growth of 94.90 percent.On a month-on-month basis, the exports from the country however witnessed a decline of 4.53 percent during July-August (2021-22) as compared to the exports of $2.340 billion recorded during July (2021-22).Likewise, the imports into the country during July (2021-22) witnessed 15.39 percent growth as compared to the imports of $5.601 billion in July (2021-22), according to the PBS data.(Please send your news, article, pictorial to our email address <editor@enewspaper.com.pk &WhatsApp +923132434567 / +923332100737PLEASE SEND YOUR COMMENTS Thanks)(facebook ID shujaullahk)https://www.facebook.com/Newspaper on Facebook:https://www.facebook.com/Enewspapercompk-182394028490643(twitter: KhanShujaullah)https://www.twitter.com/home(linkedin: shuja-ullah-khan)https://www.linkedin.com/feed/
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