{"id":49075,"date":"2019-02-12T13:06:25","date_gmt":"2019-02-12T08:06:25","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49075"},"modified":"2019-02-12T13:06:25","modified_gmt":"2019-02-12T08:06:25","slug":"exports-surge-4-trade-deficit-declines-by-usd-2-1-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/exports-surge-4-trade-deficit-declines-by-usd-2-1-bn.html","title":{"rendered":"Exports surge 4%, trade deficit declines by USD 2.1 bn"},"content":{"rendered":"<p>Islamabad: Pakistani exports witnessed an increase of four-percent in the first seven months of the current fiscal year, when compared to the figures of the same period last year &#8211; according to Adviser to the Prime Minister for Commerce Abdul Razak Dawood.<\/p>\n<p>He said that the total volume of exports surged to USD 13.259 billion.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/cpec-to-help-pakistan-overcome-trade-deficit-in-5-years.html\">CPEC to help Pakistan overcome trade deficit in 5 years<\/a><\/p>\n<p>Similarly, the country\u2019s imports declined from USD 34.264 billion to USD 32.545 billion during the July-January (2018-19) period.<\/p>\n<p>This activity has correspondingly led to a reduction of USD 2.1 billion in the country\u2019s trade deficit. The government imposed regulatory duties on furnace oil and other items such as food &amp; automobiles to bring about these improvements.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pakistan-eyes-billion-dollar-mark-in-cement-exports-dawood.html\">Pakistan eyes billion-dollar mark in cement exports: Dawood<\/a><\/p>\n<p>Furthermore, the import of hydel-machinery and other industrial items also decreased during the period under consideration. The sectors which witnessed a surge in exports included food, textile, and cement.<\/p>\n<p>The adviser stressed on the need to reduce edible oil imports in order to maintain balance of trade. He informed that the government spent USD 3 billion for facilitating edible oil imports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistani exports witnessed an increase of four-percent in the first seven months of the current fiscal year, when compared to the figures of the same period last year &#8211; according to Adviser to the Prime Minister for Commerce Abdul Razak Dawood. He said that the total volume of exports surged to USD 13.259 billion. Read:\u00a0CPEC to help Pakistan overcome trade deficit in 5 years Similarly, the country\u2019s imports declined from USD 34.264 billion to USD 32.545 billion during the July-January (2018-19) period. This activity has correspondingly led to a reduction of USD 2.1 billion in the country\u2019s trade deficit. The government imposed regulatory duties on furnace oil and other items such as food &amp; automobiles to bring about these improvements. Read:\u00a0Pakistan eyes billion-dollar mark in cement exports: Dawood Furthermore, the import of hydel-machinery and other industrial items also decreased during the period under consideration. The sectors which witnessed a surge in exports included food, textile, and cement. The adviser stressed on the need to reduce edible oil imports in order to maintain balance of trade. He informed that the government spent USD 3 billion for facilitating edible oil imports.<\/p>\n","protected":false},"author":67,"featured_media":49076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10421,10422],"persona":[],"class_list":["post-49075","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-exports-surge-4","tag-trade-deficit-declines-by-usd-2-1-bn"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exports surge 4%, trade deficit declines by USD 2.1 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistani exports witnessed an increase of four-percent in the first seven months of the current fiscal year, when compared to the figures of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/exports-surge-4-trade-deficit-declines-by-usd-2-1-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exports surge 4%, trade deficit declines by USD 2.1 bn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistani exports witnessed an increase of four-percent in the first seven months of the current fiscal year, when compared to the figures of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/exports-surge-4-trade-deficit-declines-by-usd-2-1-bn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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