Trade Deficit Rises at $43.3b in Jul-May Fiscal Year 2021-2022
In the first 11 months of the outgoing Fiscal year (July-May), Pakistan’s deficit crossed $43 billion as the pace of increase in imports was more than the surge in exports due to sky-rocketing oil import bill, quoting data from Pakistan Bureau of Statistics (PBS). Analysts fear that a record high trade deficit may further weaken…