The trade deficit widened by 5 percent in the first quarter of the fiscal year

In the first quarter of the current financial year, the country’s trade deficit recorded an increase of 5 percent on an annual basis.

Domestic exports increased by 15 percent and imports by 11 percent on year-on-year basis during the quarter. According to the Bureau of Statistics, the trade deficit of the country in the first quarter of the financial year was recorded at 5.488 billion dollars, which is 5% higher than the 5.214 billion dollars of the same period of the previous financial year.

In September, the trade deficit was recorded at 1.832 billion dollars, which is 5% more than in August and 24% more than in September of last year. .

The salaried class paid 1550 percent more tax than the merchants

According to the data, the total volume of domestic exports in the first quarter of the financial year was recorded at 7.909 billion dollars, which is 15% more than the 6.901 billion dollars of the same period of the previous financial year. Exports in September earned the country 2.804 billion dollars in foreign exchange, which is 3 percent more than August and 15 percent more than September last year.

In August, Pakistan’s total exports were recorded at $2.762 billion and $2.471 billion in September last year. According to the data, in the first quarter of the financial year, the volume of Pakistan’s total imports was recorded at 13.397 billion dollars, which is 11% more than the 12.115 billion dollars of the same period of the previous financial year.

In September, 4.672 billion dollars of foreign exchange was spent on imports, which is 4% more than August and 18% more than last year’s September.