Country’s trade deficit shrinks 22.64 per cent in July 2020

[miafridi]

Country’s trade deficit shrinks 22.64 per cent in July

KARACHI: The country’s trade deficit registered a 22.64 per cent decline in July – the first month of current fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS).

As per the figures, exports rose by 6.04 per cent to two billion dollars in the month as compared to exports worth 1.88 billion dollars registered during last year’s corresponding period.

Whereas imports registered a 1.97 decline to clock in at 3.60 billion dollars as compared to 3.71 billion dollars seen in July last year.

The figures show trade deficit shrank 22.64 per cent to 1.64 billion dollars as compared to 1.82 billion dollars recorded last year in July.

on Aug 8, Moody’s confirmed Pakistan’s B3 credit rating with a stable outlook as part of the review for downgrade, according to a statement issued by the agency. It said Pakistan’s economy is improving and the biggest challenge being faced by it, the current account deficit, is also shrinking.

https://arynews.tv/en/countrys-trade-deficit-shrinks-22-64-per-cent-in-july/

 

[akinternational]

awam ko kya faida...bunyadi zaruriyat se mehroom mehngai aur kamyabi se tabah.... iss bakwas aur jhoote numbaron ka awam ko koi faida nahin.....
inqelab inqelab waahid hal inqelab e islami ke zarye sharia't ka nifaz.... haq ke liye jiddojohad, sabr aur Allah per tawakkal karo.... FIRQABAZI HARAM HAI, SIRF MUSLIM BANO

 

[hans271270]

The country is staying within its means and not big balance of payments fueled by large scale imports of consumer items and reckless projects as dar used to do that fuels growth with burrowed dollars
Dar saheb charya used to think rupee was a currency like dollar and it would bring investors from overseas who would invest in rupees
Pakistan suffered heavy rupee fall because of dar import spree and now he has run away and the people suffering mangai

 

[iltaf]

awam ko kya faida...bunyadi zaruriyat se mehroom mehngai aur kamyabi se tabah.... iss bakwas aur jhoote numbaron ka awam ko koi faida nahin.....
inqelab inqelab waahid hal inqelab e islami ke zarye sharia't ka nifaz.... haq ke liye jiddojohad, sabr aur Allah per tawakkal karo.... FIRQABAZI HARAM HAI, SIRF MUSLIM BANO

Ye awam koi faida deserve ni krti. yahi awam h jo biryani ki ik plate pe apna vote badal dety h aur abi tk bhutto ko zinda rakhy howy thy. yahi awam abi tk vote biradari k basis p deti h.

 

[desan]

awam ko kya faida...bunyadi zaruriyat se mehroom mehngai aur kamyabi se tabah.... iss bakwas aur jhoote numbaron ka awam ko koi faida nahin.....
inqelab inqelab waahid hal inqelab e islami ke zarye sharia't ka nifaz.... haq ke liye jiddojohad, sabr aur Allah per tawakkal karo.... FIRQABAZI HARAM HAI, SIRF MUSLIM BANO

That is a lagging indicator...

One cannot erect a glorious building without a strong foundation.

 

[Masud Javed]

Alhamdulillah.