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Exports decline despite subsidies, devaluation


May 16, 2019

ISLAMABAD: Despite currency devaluation and subsidies offered to various sectors, the country’s exports declined by 1.54 per cent during April, according to latest data released by the Pakistan Bureau of Statistics (PBS) on Wednesday. PBS data shows that exports during the month of April declined to $2.094 billion compared to $2.127bn during the same period last year. Moreover, export proceeds …

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