Trade activities recede in July

By Ishfaq Mughal

Islamabad The trade activities remained slow due to political situation in the country during last month. Exports surged by 1.17 percent and imports went up by 0.60 percent in July as against correspondent period of last fiscal year, said Pakistan Bureau of Statistics  

The trade deficit for the first month of current fiscal year was registered $3.19 billion which is 0.31 percent higher from July 2017, according to the PBS. 

PBS data showed that the export surged by 1.17 percent to $1.64 billion in July 2018 as compared with $1.62 billion in the corresponding month of the last year. The imports was increased nominally by 0.6 percent to $4.83 billion in the first month of current fiscal year as compared with $4.81 billion in the corresponding period of the last year.

Thus, the trade deficit stood at $3.19 billion in July 2018 as compared with the deficit of $3.18 billion in July 2017.

According to the PBS's data, exports decreased by 13 percent and imports down by 15 percent in July as compared with June 2018.