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PID
pid.gov.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pid.gov.pk Daily Mail and Mail on Sunday newspapers.
PSEB approves budget of Rs382 263m for FY 2021-22
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Technology exports surge 80 6pc in August
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Trade activities soar to multi-year high
Surge comes on back of government’s policies to ramp up economy amid pandemic
KARACHI:
Pakistan’s import and export activities geared up to multi-year high in the fiscal year ended June 30 in the wake of government policies to ramp up economic activities to get out of the Covid-19 pandemic stress. However, the growth strategy has weakened the country’s capacity to make international payments for imports and foreign debt repayments.
The trade deficit surged by a massive $30 billion in FY21 and mounted pressure on rupee against the US dollar, as it dropped to a nine-month low at $161.48 to the greenback on Tuesday, the last working day ahead of Eidul Azha holidays.