Islamabad, January 02, 2022: Imports during Dec 2021 decreased to USD 6.9 billion as compared to USD 7.9 billion in Nov 2021. This is a decrease of USD 1 billion. The import projection for Dec 2021 was USD 6.2 billion.
“Early indications are that the growth in imports has started to decrease”, says Abdul Razak Dawood
As a result, trade deficit recorded at USD 4.1 billion for the month of December which is USD 824 million lower when compared with numbers of previous month.
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Turning to exports, MOC would like to share that during Dec 2021, Flag of Pakistan Pakistan’s exports increased by 16.7% to USD 2.761 billion as compared to USD 2.366 in Dec 2020. The Export Target for the month was USD 2.8 billion.
During the first half of the current FY (Jul-Dec 2021), exports increased by 25% to USD 15.125 billion as compared to USD 12.110 billion during Jul-Dec 2020. The Export Target for first half of this FY was USD 15 billion.