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Pakistan’s trade deficit shrinks over 43 pct in FY 2022-23

ISLAMABAD, July 5 (Xinhua) — Pakistan’s trade deficit in the 2022-23 fiscal year witnessed a decline of over 43 percent as compared to the previous fiscal year, the Pakistan Bureau of Statistics (PBS) said.

The trade deficit was recorded at 27.547 billion U.S. dollars during July-June of 2022-23 fiscal year against the deficit of 48.354 billion U.S. dollars during the same period of the 2021-22 year, showing a