Islamabad, Sep 11 (Prensa Latina) The fall in imports and exports in July and August today increases concerns about the slowdown of the Pakistani economy.
The Bureau of Statistics said in a statement that the country's export incomes in these two months are 3,430 million dollars, 393 million less than the same period last year.
Meanwhile, imports also contracted by 9,2 per cent to a total of 7,200 million dollars, 797 million less than in the previous year.
Exports fell by production decline, loss of competitiveness and the general slowdown of the world economy, considered Ashfaque Hasan Khan, Dean of the School of Social Sciences and Humanities from the National University of Science and Technology.
At the same time, imports decreased due to the deflationary trends suggesting that the Pakistani economy is also slowing down, he said.
Pakistan's trade deficit amounted to 22,200 million dollars in fiscal year 2014-2015, a 10,68 per cent higher than the previous period, recently noted the Bureau of Statistics.
In those twelve months, exports fell to the lowest point in four years by reaching 23,9 billion dollars, 1,300 million less than the previous fiscal year.