KARACHI: Pakistan’s trade deficit widened 15.9 percent to $37.7 billion during the last fiscal year of 2017/18 as imports continued to outweigh exports, official data showed on Wednesday. Pakistan Bureau of Statistics (PBS) data showed that trade deficit amounted to $32.5 billion during the preceding fiscal year of 2016/17. Exports increased 13.7 percent to $23.2 billion in the July-June period of 2017/18, while annual imports soared 15.1 percent to $60.9 billion. Exports are showing recovery on financial incentives announced by the previous government to arrest constant decline in outbound shipments. Imports are expected to cool in the coming period as Chinese-pledged infrastructure projects are reaching advance stage. In June, trade deficit expanded 46.1 percent year-on-year to $3.8 billion with exports down one percent to $1.9 billion and imports up 26.2% to $5.7 billion, PBS data showed. Trade deficit marginally increased 3.7% in June over May as exports fell 11.9% and imports dropped 2.1% month-on-month.
Court asked appellants to satisfy it on next hearing that how decision of single bench was not right
Petitioner’s lawyer informed court that parliament had passed 26th Constitutional Amendment
CM urged people to choose between resisting oppression and embracing freedom or continuing under shackles of slavery
Committee emphasised need for effective legislation to safeguard rights of parliamentarians
Muzammil Aslam highlighted need for 5,000 watersheds in KP, requiring an investment of Rs 115 billion
Justice Shahzad observed that with support of appellant, 85% power theft was witnessed in his locality
