ISLAMABAD, Dec 12 (APP):Country’s trade deficit witnessed significant reduction in first five months (July-November) of current financial year and fell by 33.04% as compared to the corresponding period of last year. During the period under review country’s exports registered about 4.97% growth, where as imports reduces by 18.41%, according the foreign trade statistics, released by the Pakistan Bureau of Statistics. During the period form July-November, 2019, exports witnessed an increase of 4.07%, as it reached to $9.545 billion against the exports of $9.109 billion of the same period of last year, it added. Meanwhile, country’s imports witnessed significant decrease of 18.41% as it went down from $23.548 billion in first five months of last financial year to $19.213 billion of same period of current financial year, it said. On month on month basis, the trade deficit shrinks 29.65% in month of November, 2019 as against the same month of last year. The exports of the country surged by 9.35% and imports reduced by 13.99%. During the month of November, exports was recorded at $2.001 billion as compared the exports of $1.839 billion of same month of last year, the data revealed. Meanwhile, imports of the country during the period under … Continue reading Trade deficit shrinks 33.04% in five months of FY 2019-20