Pakistan's exports plunge 33pc in May
Pakistan's exports plunge 33pc in May
KARACHI (Web Desk) - Owing to the closure of global markets amid COVID-19 outbreak, Pakistan’s exports fell by a massive 33pc in May 2020.
According to the data released by the government, exports for May 2020 stood at $1.391 billion. On the other hand, the country’s imports stood at $2.851 in May 2020, showing a decline of 43 percent.
The country’s trade deficit narrowed 50 percent to $1.460 billion in May 2020.
During the first 11 months of the ongoing fiscal year, the country’s trade deficit plunged by around 28 percent, to $21 billion.
