Miftah Ismail thanks SBP for controlling import bill
Pakistan's Federal Minister for Finance and Revenue Miftah Ismail on Wednesday said Pakistan’s imports to July 18 remained $2.6 billion. In his tweet, Miftah Ismail said steps are being taken to control the import bill. With the SBP measures, the import bill remained at $2.6 billion till July 18, which is 20% below compared to last year.
We will end the month at $5.5b. He added that they will continue with these measures in the near term to ensure imports and CAD remain under control, he added. Pakistan’s trade deficit widened by 55.29% during the fiscal year 2021-22 and reached $48 billion, data released by the Pakistan Bureau of Statistics (PBS) said last year.
According to the provisional data, the country’s exports increased by 25% and remained at $31.765 billion in the fiscal year 2021–22, compared to $25.16 billion recorded during the same period of 2020–21.
Credit:
Independent News Pakistan-INP
