PBS Posts Higher Export Growth Than Ministry of Commerce - Android

A big difference was noted in the trade figures for July 2020 released by the Ministry of Commerce and Pakistan… Read More

The post PBS Posts Higher Export Growth Than Ministry of Commerce appeared first on .

A big difference was noted in the trade figures for July 2020 released by the Ministry of Commerce and Pakistan Bureau of Statistics (PBS) with a day’s gap.

Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood took to Twitter on Tuesday and shared a chart claiming that country’s exports have posted 5.8 percent growth in July 2020 reaching $1.998 billion as compared to $1.889 billion during the corresponding month in 2019.

However, PBS with released trade figures the next day showing that exports have posted 6.04 percent growth in July 2020 to $2 billion as compared to $1.886 billion during the corresponding month in 2019.

According to the Commerce Ministry on the import side, a decline of 4.2 percent (in dollar value terms) was recorded in July 2020 as compared to July 2019. The imports stood at $3.540 billion in July 2020 as compared to $3.696 billion in July 2019, showing negative growth of $156 million.

The trade deficit which was $1.808 billion in July 2019 has reduced to $1.542 billion in July 2020, showing a 14.7 percent improvement in the trade balance.

However, according to PBS on the import side, a decline of 1.97 percent was recorded in July 2020 as compared to July 2019. The imports stood at $3.640 billion in July 2020 as compared to $3.713 billion showing a negative growth of $0.073 million.

The trade deficit which was $1.827 billion in July 2019-20 has reduced to $ 1.640 billion in July 2020, showing a 10.24 percent improvement in the trade balance according to PBS.

According to PBS exports have posted 25.08 percent growth in July 2020 to $2 billion as compared to $1.599 billion during June 2020. On the import side, a decline of 2.12 percent, in dollar value terms, was recorded in July 2020, as compared to June 2020. The imports stood at $3.640 billion in July 2020 as compared to $3.719 billion in June 2020, showing negative growth of $0.079 million. The trade deficit which was $2.120 billion in June 2020 has reduced to $1.640 billion in July 2020, showing a 22.64 percent improvement in the trade balance.

Pakistan’s exports have posted 25.08 percent growth in July 2020 to $2 billion as compared to $1.599 billion during June 2020, says Pakistan Bureau of Statistics (PBS).

On the import side, a decline of 2.12 percent was recorded in July 2020 as compared to June 2020. The imports stood at $3.640 billion in July 2020 as compared to $3.719 billion in June 2020, showing negative growth of $0.079 million.

The trade deficit which was $2.120 billion in June 2020 has reduced to $1.640 billion in July 2020, showing a 22.64 percent improvement in the trade balance.

The post PBS Posts Higher Export Growth Than Ministry of Commerce appeared first on .