ISLAMABAD: The imports of medicinal products during the eleven months of ongoing fiscal year (2019-20) witnessed decrease of 12.17 percent as compared to the corresponding period of last fiscal year.
Pakistan imported medicinal products of worth US $ 885.933 million during July-May (2019-20) as compared to the imports of US $1008.668 million during July-May (2018-19), showing negative growth of 12.17 percent, according to Pakistan Bureau of Statistics (PBS).
In terms of quantity, Pakistan imported 19,257 metric tons of medicinal products during the period under review as compared to the imports of 21,153 metric tons during corresponding period of last year, showing decrease of 8.96 percent in term of quantity.
It is pertinent to mention here that the country’s trade deficit witnessed significant reduction in eleven months of current financial year and declined by 27.75% as compared to the corresponding period of last year.
Based on the figures, the trade deficit during the period under review was recorded at $21.065 billion against the deficit of $29.154 during last year, showing decline of 27.75 percent.