Trade deficit widens to $27.3 billion even as Pakistan records higher exports Gap increases 17.3%, but value of foreign shipments increases as rupee devaluation takes effect PHOTO: FILE ISLAMABAD: Pakistan exported goods worth $2.23 billion in March, a figure the Ministry of Commerce said was the highest level in four years, reflecting a massive year-on-year increase of 24.4% or $437 million when compared with the amount in March 2017. However, the trade deficit still widened 17.3% year-on-year to $27.3 billion in the cumulative nine-month period, surpassing the amount projected for the entire fiscal year, suggesting that worries for economic managers is far from over. Pakistan has booked the $27.3-billion trade deficit in nine months, but exports have lately started to pick up on the back of combination of administrative and policy actions, said the commerce ministry in a statement released on Monday. Long-term measures key to reducing trade deficit After a gap of four years, exp...
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