{"id":7857,"date":"2019-10-11T20:45:55","date_gmt":"2019-10-11T15:45:55","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/trade-deficit-shrinks-by-35-in-first-quarter-of-fy20-business\/"},"modified":"2019-10-11T20:45:55","modified_gmt":"2019-10-11T15:45:55","slug":"trade-deficit-shrinks-by-35-in-first-quarter-of-fy20-business","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/10\/11\/trade-deficit-shrinks-by-35-in-first-quarter-of-fy20-business\/","title":{"rendered":"Trade deficit shrinks by 35% in first quarter of FY20 – Business"},"content":{"rendered":"

\"\"<\/p>\n

\n

The country's trade deficit contracted by a significant 35 percent in the first quarter of the 2020 financial year, the Pakistan Statistical Office (PBS) reported. <\/p>\n

The PBS in its quarterly report said the country's trade deficit was $ 5,727 billion during the quarter ending September 30 compared to a deficit of $ 8,791 billion during the same period last year. <\/p>\n

The decline was largely driven by a drop in imports, which reduced by 20.59pc<\/mark> compared to the first quarter of last year. During the period under review, exports increased by a marginal 2.75pc.<\/p>\n

According to PBS data, the volume of exports during the three months registered $ 5.522 billion compared to $ 5.374 billion during the same last fiscal period.<\/p>\n

Meanwhile, imports fell to $ 11,249 billion in July-September 2019 in contrast to $ 14,165 billion during the same period last year. <\/p>\n

On a month-to-month basis, exports increased by 2.67pc during the month of September to $ 1,769bn from $ 1,723bn in the corresponding month last year. Similarly, imports fell by 13.90pc to $ 3.785bn from $ 4.396bn in September 2018. The trade deficit showed a sharp decrease of 24.58pc in September 2019 compared to the same month last year.<\/p>\n

A comparison of the September 2019 and August 2019 numbers shows that exports decreased by 4.99 percent in September compared to the previous month, while imports increased by 1.42 percent. <\/p>\n

In September, exports stood at $ 1,769 billion compared to $ 1,862 billion in August. Imports increased to $ 3,785 billion in September from $ 3,732 billion in August this year. The general trade deficit increased by 7.81pc in September compared to the previous month.<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source: https:\/\/www.dawn.com\/news\/1510283\/trade-deficit-shrinks-by-35-in-first-quarter-of-fy20<\/p>","protected":false},"excerpt":{"rendered":"

The country's trade deficit contracted by a significant 35 percent in the first quarter of the 2020 financial year, the Pakistan Statistical Office (PBS) reported. The PBS in its quarterly report said the country's trade deficit was $ 5,727 billion during the quarter ending September 30 compared to a deficit of $ 8,791 billion during […]<\/p>\n","protected":false},"author":1,"featured_media":7858,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/7857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=7857"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/7857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=7857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=7857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=7857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}