The country''s exports during May 2019 witnessed a decline of 1.72 percent and decreased from $2.14 billion to $2.10 billion against the exports of May 2018, said Pakistan Bureau of Statistics (PBS).
According to the PBS, over the period the country''s imports also registered a negative growth of 12.8 percent from $5.7 billion to $5.04 billions. According to the PBS, over the year Pakistan rupee exchange rate against US dollar has witnessed a decline of 26.21 percent as US dollar exchange rate against Pakistan rupee in May 2018 was (1$=Rs 115.446880) which in May 2019 reached (1$=Rs 145.692250 ).
The country''s trade deficit over the period under review also registered a negative growth as it declined by 19.3 percent from $3.64 billion to $2.94 billion.
According to the PBS, Pakistani exports during July-May 2018-19 as compared with July-May 2017-18 also witnessed a decline of 0.30 percent from $21.33 billion to $21.26 billion. While over the period Pakistani imports also dropped by 8.47 percent from $55.14 billion to $50.14 billion. The trade deficit over July-May 2018-19 against same period of the last year registered a decline of 13.6 percent from $33.8 billion to $29.2 billion.
On month-on-month basis, the country''s exports witnessed a slight increase of 0.38 percent from $2.09 billion in April 2019 to $2.1 billion in May 2019.
On the other hand, the imports also jumped up by 6.08 percent from $4.75 billion in April to $5.04 billion in May 2019, the data revealed.
Comments
Comments are closed.