2 min read
Pakistan’s trade deficit has jumped 34% in the latest quarter due to a drop in exports and a significant rise in imports, raising concerns about the country’s economic outlook.
According to recent data shared on social media, exports fell by $300 million, or 4%, in the first three months of the quarter, while imports increased by $2 billion, or 14%. This widening gap has pushed Pakistan’s trade deficit up by $2.4 billion, adding pressure on the already fragile economy.
Economic experts attribute the decline in exports to high income and sales tax rates, increased electricity and gas prices, and inefficiency in governance that continues to burden industries. They warn that without serious reforms, Pakistan’s trade deficit could continue to expand, further straining fiscal stability.
To address this growing challenge, analysts urge the government to reduce inefficiencies and corruption, promote exports, and introduce business-friendly policies aimed at balancing trade and supporting local manufacturers.
Recent data shows that Pakistan’s trade deficit has increased by $2.4 billion, marking a 34% rise in the latest quarter. Exports have declined by $300 million, or 4%, while imports have grown by $2 billion, reflecting a 14% surge.
Experts emphasize that stabilizing Pakistan’s trade deficit will require a long-term strategy focused on export diversification, improved energy pricing, and consistent economic policies.
