Trade gap widens to $3.95b in July
Pakistan's trade deficit widened by one-fourth to nearly $4 billion in July due to $6.9 billion in imports, highlighting external sector vulnerabilities and the impact of the policy to open the economy without first creating an enabling environment for fair competition. According to the Pakistan Bureau of Statistics (PBS), compared to a $3.2 billion trade deficit in July last year, the gap between imports and exports widened to $3.95 billion last month. There was an increase of $794 million in the trade deficit, or 25.2% higher, on an annual basis.