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Trade deficit doubles to $24.78 billion, but import growth shows signs of slowing


KARACHI: Pakistan’s trade deficit is currently up nearly 100% at $24.78 billion so far in fiscal year 2021-22, from $12.36 billion in the previous fiscal year’s corresponding half, provisional data indicates.

According to the most recent official numbers on external trade, the trade imbalance in December 2021 alone increased by 57% to $4.1 billion from $2.6 billion in the same month last year. However, it also bears mentioning that the monthly deficit was down 18% compared to November’s reading.

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