Pakistan’s Trade Deficit Narrows 31.1% to $1.15 Billion in July: Bloomberg

By Farhan Sharif

Aug. 11 (Bloomberg) -- Pakistan’s trade deficit narrowed by 31.1 percent in July as imports fell faster than exports.

The trade gap narrowed to $1.15 billion in the first month of the new fiscal year, from $1.67 billion a year ago, according to data posted on the Web site of the Federal Bureau of Statistics in Islamabad.

Overseas sales fell 20.8 percent to $1.49 billion, while imports fell 25.6 percent to $2.64 billion, according to the data.

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