Pakistan’s Trade Deficit Hits $154B in 5 Years
As per details, the Ministry of Commerce revealed that Pakistan faced a trade deficit of $154 billion over the past five years during a question hour in the NA.
The details showed that Pakistan’s trade deficit in FY 2020 was $23.16 billion, $31.08 billion in FY 2021 and $48.35 billion in FY2022.
Furthermore, in FY 2023, Pakistan’s trade deficit was recorded at $27.47 billion and in FY 2024, the trade deficit remained at $24.11 billion.
The Ministry of Commerce’s reply further said that exports totaled $136 billion, while imports stood at $291 billion during the aforesaid period.
Trade deficit nearly drops by 19% in Pakistan
The surge in imports was attributed to economic growth, according to the ministry’s report.
In 2025, imports of solar panels, transformers, and power transmission equipment surged by 60%, reaching $319 million.
Additionally, there was a 20% rise in industrial machinery imports, a 40% increase in textile machinery imports, and a 58% increase in auto parts imports, as per the ministry’s documents.
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