Lahore: Pakistan’s exports dropped by 3.83% in September in comparison to August 2022 while imports dropped by 13.21%, ARY News reported citing PBS.
According to the report issued by the Pakistan Bureau of Statistics (PBS), Pakistan’s exports in September 2022 amounted to $2.38 billion. Exports in September 2022 were 3.83% lesser than in August 2022, while 0.91% lower than in September 2021, the PBS report shows.
The exports from July to September went up by 1.84%, which amounted to $7.12 billion.
However, imports in September dropped by 13.21% in comparison to August and amounted to $5.26 billion. The import dropped by 19.72% in comparison to September 2021, the report shows.
July to September 2022 imports dropped by 12.72% and amounted to $16.33 billion. The trade deficit dropped by 19.7% in September in comparison to August 2022.
The PBS report shows that the trade deficit in September was $2.88 billion. The deficit dropped by 30.62% in comparison to September 2021.
The annual inflation in the country dropped after experiencing a 49-year high this year, the PBS on October 1.
The annual inflation rate in the country dropped to 23.18% in September, the PBS report shows. The inflation rate was 27.26% in August, dropping to 1.15% in September.
Also Read: Annual inflation rate drops after touching 49-year high – PBS report
PBS reported that the rate of inflation dropped by 21.% in urban areas, and by 0.3% in rural areas. The rate was 26.1% in rural, and 21.2% in urban areas, it added.
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