ISLAMABAD: Pakistan’s trade deficit saw a significant reduction of 39% last month, according to Khurram Schehzad, Adviser on Finance. This change is attributed to both an increase in exports and a decrease in imports.
According to Radio Pakistan, Schehzad shared this development in a post on the social media platform X. He detailed that exports have grown by 10%, while imports experienced a notable decline of 22% in May. The Adviser also pointed out that IT exports and remittances are showing continuous growth, contributing positively to the economic landscape.