• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

Trade deficit shrinks as imports decline & exports go up

by FIA
Jan 10, 2019
in Business, Islamabad, National
0

ISLAMABAD: Government’s policy measures have resulted in shrinking of trade deficit, decline in imports and increase in exports which augurs well for overall balance of payment of the country.

The trade deficit that stood at US$ 17.7 Billion in July- December 2017 has shrunk by 5% to US$16.8 Billion in the corresponding period in 2018.

The overall imports from July-December 2018 have shrunk by over 2% from US$ 28.7 Billion in July – December 2017 to US$ 28 Billion in July – December 2018.

Read More: PEMRA bans ‘intimate moments’ from Television

This trend is even more pronounced in respect of imports under RD regime, where the import value has declined from US$ 5.2 Billion in July – December 2017 to US$ 4.4 Billion in July – December 2018, showing a contraction of 16% (effective on 1994 tariff lines).

The trade balance in December 2018 compared to December 2017 shrunk by 19% from US$ 2.9 Billion to US$ 2.3 Billion.


In December 2018, the imports in US $ term declined to US$ 4.3 billion compared to US$ 4.9 billion in December 2017 which reflects an import compression of over 12%.


This trend is even more pronounced in December 2018 in respect of imports under RD regime (effective on 1994 tariff lines) wherein the imports declined from US$ 896 million in December 2017 to US$ 691 million in December 2018 (-23%).

Read More: Illegal Private Housing Schemes in Zone-2,5 & E-11 Islamabad


Data indicates that the import compression measures taken in the supplementary Finance Act, 2018 have firmly taken hold and are now effectively curtailing imports as per policy regime of the government. The data on import of containerized cargo also has shrunk by (9%).


There is a growth in exports of 5.5% in December 2018 compared to December 2017. In the first six months from July-December 2018 exports have shown a growth of over 2% compared to the same period last year.

Tags: Fiance MinisterFinance MinisterimportsIslamabadMinistryPakistanTrade
ShareTweetSend

Related Posts

Closing Currency Exchange Rate in Pakistan, Currency Exchange Rate in Pakistan, Exchange Rate in Pakistan, Currency Rate, Closing Exchange Rate, Closing Currency Rate
Business

Interbank Closing Currency Exchange Rates in Pakistan – 28 March 2023

Mar 28, 2023
GBP to PKR, British Pound to PKR, British Pound Rate in Pakistan, Pound to PKR, Pound to Pakistani Rupee, Pound Rate in Pakistan
Business

GBP to PKR – British Pound Rate in Pakistan Today – 28 March 2023

Mar 28, 2023
EUR to PKR, Euro Rate in Pakistan, Euro to Pakistani Rupee, Euro to PKR
Business

EUR to PKR – Euro Rate in Pakistan Today – 28 March 2023

Mar 28, 2023
Kuwaiti Dinar to PKR, KWD to PKR, Kuwaiti Dinar to Pakistani Rupee, Kuwaiti Dinar Rate in Pakistan, Kuwaiti Dinar
Business

KWD to PKR – Kuwaiti Dinar Rate in Pakistan Today – 28 March 2023

Mar 28, 2023
SAR to PKR, Saudi Riyal to Pakistani Rupee, Saudi Riyal Rate in Pakistan, Saudi Riyal to PKR
Business

SAR to PKR – Saudi Riyal to Pakistani Rupee – 28 March 2023

Mar 28, 2023
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan Today – 28 March 2023

Mar 28, 2023
AED to PKR, Dirham to PKR, Dirham Rate in Pakistan, Dirham to Pakistani Rupee, Dirham, AED
Business

AED to PKR – Dirham Rate in Pakistan Today – 28 March 2023

Mar 28, 2023
Gold Rate in Dubai, Gold Rate in UAE, Gold Price in Dubai, Gold Price in UAE
Business

Gold Rate in Dubai UAE Today – 28 March 2023

Mar 28, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • Bus Crash in Saudi Arabia Kills 20 Umrah Pilgrims, Injures Dozens
  • Interbank Closing Currency Exchange Rates in Pakistan – 28 March 2023
  • GBP to PKR – British Pound Rate in Pakistan Today – 28 March 2023
  • EUR to PKR – Euro Rate in Pakistan Today – 28 March 2023
  • KWD to PKR – Kuwaiti Dinar Rate in Pakistan Today – 28 March 2023
  • SAR to PKR – Saudi Riyal to Pakistani Rupee – 28 March 2023
  • USD to PKR – Dollar Rate in Pakistan Today – 28 March 2023
  • AED to PKR – Dirham Rate in Pakistan Today – 28 March 2023
  • Gold Rate in Dubai UAE Today – 28 March 2023
  • Gold Rate in Pakistan Today – 28 March 2023

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.