pbs Pakistan exports up 8.93% in 9 months

By Asif Ali Awan

| Published Apr 02, 2024 | 10:14 a.m.

In Islamabad, Pakistan's exports surged by 8.93% in the first nine months of the current fiscal year (2023–24) compared to the corresponding period last year, as per Pakistan Bureau of Statistics (PBS) data.

During July-March (2023–24), exports rose to $22.914 billion, up from $21.036 billion in the same period in 2022–2023. Meanwhile, imports decreased by 8.65% to $39.944 billion from $43.724 billion. This resulted in a trade deficit of $17.030 billion for the

current fiscal year's initial nine months, marking a significant 24.94% decline from the $22.688 billion deficit recorded last year.

March 2024 exports saw a 7.99% year-on-year increase, totaling $2.555 billion compared to $2.366 billion in March 2023. Conversely, imports for March 2024 stood at $4.726 billion, up 25.86% from March 2023's $3.755 billion.

Comparing with February 2024, March exports experienced a slight 1.08% decrease from $2.583 billion, while imports rose by 9.25% from $4.326 billion, according to PBS data.