{"id":66281,"date":"2020-06-07T09:51:00","date_gmt":"2020-06-07T04:51:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66281"},"modified":"2020-06-05T16:51:43","modified_gmt":"2020-06-05T11:51:43","slug":"trade-deficit-reduced-by-35-in-may-pbs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/trade-deficit-reduced-by-35-in-may-pbs.html","title":{"rendered":"Trade deficit reduced by 35% in May: PBS"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: The Pakistan Bureau of Statistics (PBS) on Thursday stated that the national trade deficit had reduced by 35% to reach USD 1.5 billion in May as compared with USD 2.2 billion recorded in April \u2013 after the export sector rebounded by 45.4%, according to news sources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-seeks-itfcs-help-to-boost-exports.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan seeks ITFC\u2019s help to boost exports<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The declining trade was witnessed after countrywide ease in restrictions in the COVID-19 lockdown. As per reports, the<a href=\"https:\/\/www.zameen.com\/news\/drop-in-imports-narrows-current-account-deficit-to-71.html\" target=\"_blank\" rel=\"noreferrer noopener\"> imports<\/a> have also fallen by 11% to USD 2.9 billion from the USD 3.2 billion recorded in April.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reportedly, the trade analysts have predicted a downward pressure on the trade balance, owing to the improvement in exports following the ease in the lockdown imposed after the global outbreak of the coronavirus pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/exports-grow-current-account-deficit-falls-in-january.html\" target=\"_blank\" rel=\"noreferrer noopener\">Exports grow, current account deficit falls in January<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the PBS stats, the year-on-year figures show that trade deficit sharply narrowed 50% in May. Exports fell 33.6% and the imports fell by 43.2 % when compared with corresponding figures for last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, the finance authorities see trade deficit at a satisfactory level and in accordance with International Monetary Fund\u2019s (IMF) reforms \u2013 under an extended fund facility program of worth USD 6 billion \u2013 agreed last year. The State Bank of Pakistan (SBP) has also expressed optimism about the export sector\u2019s improving activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Pakistan Bureau of Statistics (PBS) on Thursday stated that the national trade deficit had reduced by 35% to reach USD 1.5 billion in May as compared with USD 2.2 billion recorded in April \u2013 after the export sector rebounded by 45.4%, according to news sources. Read: Pakistan seeks ITFC\u2019s help to boost exports The declining trade was witnessed after countrywide ease in restrictions in the COVID-19 lockdown. As per reports, the imports have also fallen by 11% to USD 2.9 billion from the USD 3.2 billion recorded in April. Reportedly, the trade analysts have predicted a downward pressure on the trade balance, owing to the improvement in exports following the ease in the lockdown imposed after the global outbreak of the coronavirus pandemic. Read: Exports grow, current account deficit falls in January As per the PBS stats, the year-on-year figures show that trade deficit sharply narrowed 50% in May. Exports fell 33.6% and the imports fell by 43.2 % when compared with corresponding figures for last year. Additionally, the finance authorities see trade deficit at a satisfactory level and in accordance with International Monetary Fund\u2019s (IMF) reforms \u2013 under an extended fund facility program of worth USD 6&hellip;<\/p>\n","protected":false},"author":75,"featured_media":66133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[21797,23594,31020],"persona":[],"class_list":["post-66281","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","category-notices-announcements","tag-international-monetary-fund-imf","tag-pakistan-bureau-of-statistics-pbs","tag-trade-deficit-reduced-by-35-in-may-pbs","cat-15015-id","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trade deficit reduced by 35% in May: PBS - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Pakistan Bureau of Statistics (PBS) on Thursday stated that the national trade deficit had reduced by 35% to reach USD 1.5 billion in May\" \/>\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\/trade-deficit-reduced-by-35-in-may-pbs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade deficit reduced by 35% in May: PBS - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Pakistan Bureau of Statistics (PBS) on Thursday stated that the national trade deficit had reduced by 35% to reach USD 1.5 billion in May\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/trade-deficit-reduced-by-35-in-may-pbs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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