The International Monetary Fund (IMF) has forecasted a rise in Pakistan’s trade deficit for the upcoming fiscal year 2024-25.
Reports indicate that both exports and imports are expected to surge during this period. The IMF projects a $4.165 billion increase in Pakistan’s trade deficit, potentially surpassing $27.092 billion next year.
Imports are anticipated to climb by $5.517 billion, reaching a projected volume of $60.048 billion, while exports may see a $1.352 billion upturn, estimated to hit $32.056 billion. Ministry of Finance sources suggest that Pakistan’s exports for the next fiscal year could reach $32.056 billion, with the current fiscal year’s trade deficit expected to stand at $23.076 billion, and exports likely to reach $31.02 billion by year-end.
