Pakistan's trade deficit surged by a staggering 44 per cent in July, driven by a sharp increase in imports, raising fresh concerns about the country's economic situation, which is already in a crisis, The Express Tribune reported.
Despite increase in imports from China year on year, traders of Nepal seem to be unhappy with China opening borders at a time when the demand for goods is slow with no large orders for the Chinese goods because of high domestic bank interest rates and inflation in Nepal, The Kathmandu Post r
New Delhi [India], June 15 (ANI): India's trade deficit widened to a record $24.29 billion in May 2022 from $6.53 billion in the same month last year due to a sharp jump in the country's imports, as per data released by the Ministry of Commerce and Industry on Wednesday.
Islamabad [Pakistan], April 5 (ANI): As Pakistan's economic woes continue, the country's trade deficit has been on the rise for nine consecutive months owing to an unprecedented increase in imports while exports stagnated at around USD 2.5 billion to USD 2.8 billion a month.
Islamabad [Pakistan], January 3 (ANI): As imports continue to rise in Pakistan, the country's trade deficit has surged to USD 24.79 billion during the first half of the current fiscal year, mainly on the back of a 63 per cent year-on-year increase in imports, a media report said.
Islamabad [Pakistan], December 2 (ANI): Pakistan saw a steep rise of 162.4 per cent in trade deficit in the month of November of the current fiscal year (FY22) due to an increase in imports compared to exports from the country, according to provisional data released on Wednesday.