Trade deficit with Middle East widens

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Trade deficit with Middle East widens

ISLAMABAD: Pakistan’s trade deficit with the Middle East increased 5.62 per cent to $7.984 billion in the first seven months of FY25 from $7.559bn in the same period last year due to higher petroleum imports. The increasing trade deficit is a cause for concern among policymakers, primarily due to the rising influx of petroleum products from the region. In contrast, exports are experiencing only minimal growth to a limited number of countries in …