Pakistan witnesses a 34% reduction in trade deficit in the first half of FY24

ISLAMABAD: Pakistan’s trade deficit saw a significant contraction by 34% in the first half of the current fiscal year (1HFY24), according to recent data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.

Comparing July-December FY24 to the corresponding period in FY23, the trade deficit plummeted from $16.965 billion to $11.148 billion, marking a notable improvement.

The…