Imports of the country during the period witnessed a decline of 14.06 percent from $36.56 billion in July-February 2018-2019 to $31.42 billion in July-February 2019-2020. The PBS said that on year-on-year basis country's exports registered a growth of 13.82 percent from $1.88 billion to $2.14 billion, and the imports of the country declined by 1.71 percent from $4.144 billion to $4.073 billion.

Pakistan's balance of trade on annual basis witnessed an improvement of 14.61 percent from $2.26 billion in February 2019 to $1.93 billion in February 2020.

On month-on-month (MoM) basis, the country's exports in February 2020 against January 2020 witnessed an increase of 8.24 percent from $1.98 billion to $2.14 billion, the PBS further revealed.

As per the PBS data in February 2020, country's imports recorded a decline of 1.5 percent from $4.14 billion to $4.07 billion. On MoM basis, the country's balance of trade witnessed an improvement of 10.43 percent from $2.16 billion in January 2020 to $1.93 billion in February 2020.

Copyright Business Recorder, 2020