Pakistan recorded its highest ever trade deficit of $4.2 billion in August, an increase of 144% over the previous year, data from Pakistan Bureau of Statistics showed. jwplayer("jwp-outstream-unit").setup({}); A trade deficit means we are paying more on goods and services we are buying from the world than what we are earning by selling our products and services to them. Pakistan’s exports in August were up 41% to $2.2 billion compared to the same month of 2020, but this was barely enough to keep the trade balance in the positive range. This is because we are spending almost three dollars in imports for every dollar earned from exports as reflected in
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