Pakistan Bureau of Statistics (PBS) reported that the exports from the country increased by 10.52 percent during the first half of the current fiscal year as compared to the corresponding months of last year.
Exports during July-December (2024-25) were recorded at $16.561 billion against $14.985 billion during July-December (2023-24), according to PBS data.
Notably, imports into the country went up by 6.11 percent by growing from $26.137 million last year to $27.733 million during the first six months of the current year.
Based on the figures, the trade loss during the months under review was recorded at $11.172 billion against the loss of $11.152 billion last year, showing a slight surge of 0.18 percent.
Additionally, on year-on-year basis, the exports in December 2024 surged by 0.67 percent to $2.841 billion from $2.822 billion in December 2023.
According to PBS data, the imports went up by 14.02 percent by going up from $4.635 to $5.285 percent.
On a month-on-month basis, the exports from the country went up by 0.28 percent when compared to the exports of $2.833 billion during November 2024.
The imports also witnessed increase of 17.44 percent when compared to the imports of $4.500 billion in November 2024, PBS reported.
Meanwhile, the services exports during the first five month of the current fiscal year increased by 7.58 percent when compared to the corresponding period of last year.
According to PBS data, the service exports during July-November (2024-25) were recorded at $3.274 billion against the exports of $3.044 billion in July-November (2023-24).
On the other hand, the service imports went up by 2.88 percent to $4.425 billion this year against $4.301 billion last year.
Based on the figures, the services trade deficit witnessed negative growth of 8.48 percent and was recorded at $1.150 billion during the current fiscal year against the deficit of $1.257 billion last year.
