Trade deficit narrows 10pc to $19.3 bn

ISLAMABAD: Trade deficit narrowed 9.66 percent to $19.264 billion in the first seven months of the current fiscal year of 2018/19 as exports continued to show an upward trend, while imports declined, official data showed on Monday. The Pakistan Bureau of Statistics (PBS) data showed that trade deficit amounted to $21.324 billion in the July-January period of the last fiscal year. In July-January, exports rose 2.24 percent to $13.231 billion as trade incentives.