In the case of Pakistan ( Trade Deficit In Pakistan ), it is not uncommon for them to import more goods than they export. Pakistan's current-account deficit (the broadest measure of trade), during July-November 2021, grew to more than USD 5.08 billion, accounting for 4.7 per cent of GDP, as imports outstripped . A positive trade balance . Pakistan's trade deficit widens by 8.27 percent to $14.96 billion in July - January February 8, 2021 February 8, 2021 ISLAMABAD: Pakistan trade deficit has widened by 8.27 percent to $14.96 billion during first seven months (July - January) 2020/2021 owing to uptick in import bills after improved economic activities. Mar 2, 2022. Data are in current U.S. dollars. Pakistan has been running consistent trade deficit since 2003 mainly due to high imports of energy . October 23, 2021 - by admin. The trade deficit in five months of FY2022 went up by 117%. China-Pakistan trade setting records in 2021: ministry. Sep 02, 2021. In. ISLAMABAD: Pakistan's trade balance is getting worse fast, rising sharply to $5.11 billion in November 2021 against $1.94 billion in November last year. According to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday, the trade deficit in July-February 2021-22 was $14.4 billion, or 82%, more than the same period of previous year. Between July 2020 and May 2021, the trade gap widened by 29.5 per cent to USD 27.275 billion in the 11 months of 2020-21 from USD 21.065 billion over the corresponding last year. By News Desk. Pakistan Trade Deficit at $4.1 billion in December 2021 Pakistan's trade deficit widened to $ 24.787 billion in the first half of the current fiscal year 2021-22 (July-December 2021) from $ 12.42 billion in the corresponding period last year. Similarly, in October 2021, the trade deficit swelled to $3.775 billion, a 109.4 percent increase compared to the same month in FY2021 where the deficit stood at $1.803 billion. — December 8, 2021 comments off. KARACHI: Pakistan's trade deficit is currently up nearly 100% at $24.78 billion so far in fiscal year 2021-22, from $12.36 billion in the previous fiscal year's corresponding half, provisional data indicates. July 19, 2021 (MLN): Pakistan's trade deficit in services stood at $1.88 billion during the fiscal year 2020-21, signifying a decline of 43.5% as compared to a deficit of $3.32bn recorded in the same period last fiscal year. ( Shazia Begum ) Chief Statistical Officer GOVERNMENT OF PAKISTAN PAKISTAN BUREAU OF STATISTICS KARACHI * September, 2021 September, 2020 September, 2021 over August, 2021 Jun 2003. ANI | Updated: Aug 11, 2021 04:36 IST. The trade deficit stood at $9.54 billion in the same five months of the last fiscal year. Facebook According to the latest statistics, trade deficit for the first quarter (July-September) of fiscal year 2021-22 widened 100.62 percent to an alarming $11.66 billion from $5.81 billion in the same . Bilateral trade between China and Pakistan, and exports from Pakistan to China, are both running at record levels for the year to date, according to a Chinese official on Wednesday. During the four months i.e., from July 2021 to October 2021, the trade deficit touched the figure of $15.525 billion which was $7.617 during these four months in 2020. Pakistan's trade deficit has reached a whopping $11.63 billion in first quarter of fiscal year (FY2021-22), data released by the PBS showed. Pakistan's trade deficit widens 32pc to $2.68bn in December - Profit by Pakistan Today ECONOMY January 7, 2021 Pakistan's trade deficit widens 32pc to $2.68bn in December Exports rise 18.3pc to $2.35bn, whereas imports surge 25.2pc to $5.03bn in December 2020 By Staff Report Image. According Pakistan Bureau of Statistics data, Pakistan's imports mounted to $18.63 billion during July-September 2021-22 as against to $11.28 billion during the . ISLAMABAD - Pakistan's trade deficit contracted by 14% to $3.10 billion in July 2021 in contrast with $3.62 billion during the previous month of June 2021 as the imports faced a dip. Compared to a deficit of USD 2.99 billion recorded in April 2021, the trade numbers deteriorated by 14.7% MoM. The trade deficit between the two countries grew by 109% during the FY03 to FY06, after . The trade deficit swelled to $4.06 billion in August 2021 from $1.74 billion in the same month last year, according to provisional data. "The trade deficit over the last three months I haven't seen over the last 74 years in Pakistan." Mr. Saleem projected that Pakistan's imports would soon hit $72 billion, more than double . That is a surge of 163%. Pakistan trade deficit at $4.099 billion in September '2021 The Pakistan Bureau of Statistics published the monthly trade figures where country's trade deficit widened to $ 11.66 billion in the first quarter of the current fiscal year (1QFY22), or 100.6 percent rise, from $ 6.967 billion in July-September 2020. The PBS in its report said that the country's imports declined by 15% on the month on month basis to $2.33 billion during the first month of the new fiscal . Pakistan's trade deficit widens to record levels by Newsdesk 13 September 2021 13 September 2021 0 Amid the country's widening trade deficit, it is expected that some difficult policy decisions will be made in the coming weeks….reports Asian Lite News Chinese Ambassador to Pakistan Nong Rong said earlier that between January and September in 2021, agricultural trade totaled $860 million, with Pakistan's exports to China reaching $630 million, a . Pakistan trade balance for 2020 was $-18.60B, a 34.45% decline from 2019. Pakistan recorded a Current Account deficit of 5566 USD Million in the fourth quarter of 2021. Keep in mind we imported 1.5~2.0 billion dollars worth of vaccines last year, which greatly added to our trade deficit. According to the PBS, the country's trade deficit widened by 5.4 percent on a year-on-year basis, jumping from $3.267 billion in March 2021 to $3.446 billion in March 2022. This shows an alarming trend because it will add pressure to the current account deficit in the months ahead and without ensuring dollar inflows, mainly through debt . Pakistan's trade deficit during the first 11 months (July-May) of the current fiscal year 2020-21 has reached $27.463 billion as compared to $21.065 billion over the same period of the last . The country's trade balance deteriorated during the last year as imports spiked and exports struggled to keep up. -864,672. The merchandise trade deficit reached $11.664 billion in July-September 2021 from $5.814bn over the corresponding months of last year. Current Account in Pakistan averaged -781.42 USD Million from 1976 until 2021, reaching an all time high of 1418 USD Million in the third quarter of 2002 and a record low of -6308 USD Million in the second quarter of 2018. Pakistan Bureau of Statistics. Islamabad, 5 October 2021 (TDI): The first quarter of the fiscal year showed an increase of more than 100% in the trade deficit. In rupee terms, the trade deficit was posted at 50.5pc on a year-on-year basis. Significantly more than three times the increase in imports compared with exports. Currently, their trade deficit has been at about $11 billion in recent years and continues to grow. Previously, Pakistan's exports were performing better than imports which is why the rupee was surging. * july - august, 2021 july - august, 2020 value value value statement showing exports of selected commodities during the month of august, 2021 * august ,2021 value value commodities value value value july,2021 august,2020 july ,2021. b textile group - 474,840 2,933,938 381,189 2,280,119 - 24.57 28.67 13.raw cotton m.t 0 206 39 230 -100.00 . Pakistan's economy will be under increasing pressure during the ongoing fiscal and likely to face a current account deficit of USD 12 to 17 billion for 2021-22, a veteran bureaucrat and former aide to Prime Minister Imran Khan has said. After FY07, we saw a free for all in the imports coming from China while our exports did not grow by that much. Pakistan: July trade deficit touches USD 3.10 billion. Current Account in Pakistan averaged -781.42 USD Million from 1976 until 2021, reaching an all time high of 1418 USD Million in the third quarter of 2002 and a record low of -6308 USD Million in the second quarter of 2018. The trade deficit reached $ 11billion in July-September 2021 from $ 5.8 Billion in the months corresponding to last year. Pakistan recorded a Current Account deficit of 5566 USD Million in the fourth quarter of 2021. Meanwhile, the exports also decreased 5.6% to $2.7 billion in December 2021 over November. He said, "Our import bill was recorded at $7.6 billion last month (December 2021) […] According to the data released by the Pakistan Bureau of Statistics, total imports rose to $40.52 billion, double the exports. Imports registered an. The government had set the annual trade deficit target at $28.4 billion that has already been breached in the seventh month of current fiscal year. According to the State Bank of Pakistan (SBP) data, this was attributable to a 56% rise in imports against a 29% growth in total exports during the July-December period of FY21-22. The trade deficit was the highest in the fiscal year 2017-18 which had reached $37.7 billion. The statistic shows Pakistan's trade balance of goods from 2010 to 2020. Budget. The surge in trade deficit is mainly led by exponential growth in imports with comparative slow growth in exports proceeds from the country, Dawn reported. 1957-2022. KARACHI: Pakistan's trade deficit narrowed down by 2.0 percent to $11.786 billion in the first four months of the current fiscal year - July-October of 2018-19. The trade gap has been widening since December 2020. ISLAMABAD: Pakistan's trade deficit widened by 117.22 percent on year-on-year basis and stood at $3.886 billion in October 2021, compared to $1.789 billion in October 2020, says the Pakistan . In FY2021, imports clocked in at $56.405 billion and exports $25.30 billion. While in FY20 the country's trade deficit had narrowed to USD 23.099 billion from USD 31.820 billion, this target was already crossed in 10 months of FY21, indicating . According to the Pakistan Bureau of Statistics (PBS), the exponential increase in the trade deficit is due to the three-fold increase in the country's imports compared to exports. Pakistan's trade deficit widened to USD 23.8 billion, exceeding the annual target by USD 4.1 billion in 10 months of the current fiscal year. September, 2021 (1$=Rs.168.056740) , August, 2021 (1$=Rs.164.099741) and September, 2020 (1$=Rs.165.854091) 3- Due to roundings effects some totals and percentages may not tally. The trade deficit for August 2021 was 4.06 billion USD, which was 133% higher than last year's 1.74.
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