Pakistan’s trade deficit expands to $669.1 million
The Federal Bureau of Statistics said Pakistan's trade deficit expanded to $669.13 million in May from $412.83 million in April and a trade surplus of $79.7 million a year earlier. In the mentioned period, imports surged by 14.6% to $1.73 billion from $1.51 billion in April while exports were recorded as $1.1 billion, up by 3.3%. In July-May period, trade deficit reached $2.67 billion against a deficit of $1.17 billion compared to the same period of previous year. The Bureau of Statistics stated that exports increased to $11.1 billion from $9.9 billion a year earlier. Imports also rose to $13.7 billion from $11.1 billion.