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MoC indicates a declining trend of imports bill

MoC indicates a declining trend of imports bill
Business

Islamabad: Early indications are showing the growth of imports has started to decrease. Pakistan’s imports during Dec 2021 decreased to USD 6.9 billion as compared to USD 7.9 billion in Nov 2021. This is a decrease of USD 1 billion. The import projection for Dec 2021 was USD 6.2 billion.

As per Ministry of Commerce (MoC), Pakistan’s exports increased by 16.7% to USD 2.761 billion during Dec 2021 as compared to USD 2.366 in Dec 2020. The export target for the month was USD 2.8 billion.

During the first half of the current fiscal year (Jul-Dec 2021), exports increased by 25% to USD 15.125 billion as compared to USD 12.110 billion during Jul-Dec 2020. The export target for first half of this fiscal year was USD 15 billion.

Further details on categories of export & import during Dec 2021 will be shared soon.

Nasir Taimori

Nasir Taimori is a freelance journalist working for different digital publications. He writes on various social, national and international issues. He has also an interest in translation.

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