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July 8, 2020
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Business Top Stories

Trade deficit exceeds $19 billion as exports drop by 19%

KARACHI: National exports have slumped to $21 billion and 850 million with a reduction of 12pc while imports worth $41 billion and 450 million has been recorded in 11 months of the present fiscal year.

In this way, trade deficit with a value of $19 billion and 590 million has been recorded in between May to July, reported Dunya News.

Experts were with the view that industrial production was adversely affected due to energy crisis in the fiscal year 2015-16. The experts also believed that uninterrupted supply of gas after LNG import in the country would enhance industrial growth.

The increase in industrial production and exports were expected after export refinance rate had been set to 3pc.