Statistics of trade, exports and imports, as well as manufacturing activities in Pakistan speak volumes about the revival of national economy at a time when the pandemic is raging throughout the world. The trade deficit, at $31.1 billion, was 34.1% higher than the value reported for the previous fiscal year. However, currently the rising trade deficit has yet to be reflected in the current account balance. Trade data breakdownInternational Trade Centre’s Trademap.org reports trade figures for each calendar year. Exports from Pakistan, at $22.2 billion in 2020, decreased by $1.6 billion from the value reported for 2019.

Source: The Express Tribune July 19, 2021 04:07 UTC