According to economic managers, high commodity prices were a reason for the record $7.85 billion worth of imports into Pakistan in November 2021. The widening trade deficit suggests that by June next year, it will be far higher than the target of $28.4 billion set by the government. The finance adviser-led internal meeting on the growing trade deficit ended on a satisfactory note. The ministry stated that Tarin advised the authorities to take effective policy measures to reduce unnecessary imports of luxury items. However, the sources said that no measures were discussed during the meeting to curb imports.

Source: The Express Tribune December 03, 2021 14:25 UTC