Business News

Exports witness 3.82 percent decrease in six months

ISLAMABAD,(MILLAT+APP): The exports from the country during
July-December 2016-17 were recorded at $9.912 billion compared to
the exports of $10.306 billion, showing decrease of 3.82 percent.
The imports into the country were recorded at $24.402 billion
during the first half of the current fiscal year compared to the
imports of $22.162 billion, showing an increase of 10.11 percent.
Based on the figures, the trade deficit during July-December
(2016-17) was recorded at $14.490 billion compared to the deficit of
$11.856 billion recorded during the same period of last year,
showing 22.22 percent increase in deficit.
Meanwhile, on year-on-year basis, the exports from the country
decreased by 3.09 percent during December 2016. The exports during
December 2016 were recorded at $1.727 billion compared to the
exports of $1.782 billion during December 2015.
The imports into the country during the month under review
were recorded at $4.488 percent, as against the imports of $3.817
billion during last December, showing positive growth of 17.58
percent.
On month-on-month basis, the exports from the country declined
1.99 percent during the month of December 2016 when compared to the
exports of $1.762 billion during November 2016.
On the other hand, the imports into the country increased by
6.10 percent in December 2016 compared to the imports of $4.230
billion during November 2016.