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Trade Deficit Balloons to $3.058 in July 2021
The already soaring trade deficit has further widened to 81.4 percent in the first month of the current fiscal year (FY22). This widening gap is primarily driven by the substantial increase in imports without a corresponding rise in the exports from the country. According to provisional foreign trade figures during the first month of current fiscal year (2021-22), imports stood at $5.405 billion as compared to $3.687 billion in July 2020, showing a massive increase of 46.6 percent or $1.718 billion. ALSO READ Pakistan’s Exports Are At Their Highest Level for July: Adviser to PM On a Month-on-Month basis, the…