Pakistan’s trade deficit with Malaysia decreased in the first quarter of the fiscal year, Pakistani exports to Malaysia increased, and imports decreased.

A reduction in Pakistan’s trade deficit with Malaysia has been recorded in the first quarter of the current financial year. Pakistani exports to Malaysia have increased in the first quarter of the financial year, while imports have decreased significantly. According to the data released by the State Bank. In the first quarter of the fiscal year, Malaysia earned $85.64 million in foreign exchange, which is 20 percent higher than the same period last fiscal year. In the first quarter of last fiscal year, Malaysia earned $71.45 million in foreign exchange In September, the volume of Pakistani exports to Malaysia was recorded at 30.37 million dollars, which was 31.58 million dollars in August and 21.62 million dollars in September last year.
According to statistics, in the first quarter of the current financial year, imports from Malaysia have recorded a decrease of 32% on an annual basis. In the first quarter of the financial year, the volume of imports from Malaysia was recorded at 254.32 million dollars, which was 355.52 million dollars in the same period of the previous fiscal year. In September, 69.74 million dollars were exchanged for imports from Malaysia, which was 89.28 million dollars in August and 94.21 million dollars in September last year, fiscal year 2023. I spent $1.021 million in foreign exchange on imports from Malaysia.