business

July 4, 2021

Trade deficit widens 34pc to $31.1bln in FY2021

ISLAMABAD: Trade deficit widened 34.1 percent to $31.1 billion during the last fiscal year of 2021/22 as merchandise exports and imports were seen significantly recovering, according to official data on Saturday.In July-June, exports of goods rose 18.1 percent to $25.3 billion from $21.4 billion in the preceding fiscal year, while imports of goods increased 26.4 percent to $56.3 billion, Pakistan Bureau of Statistics data showed.PBS data further showed that trade deficit in June sharply...