Exports to maintain upward trend in March: Finance Ministry

ISLAMABAD, March 29: The exports from the country during the month of March 2022 are expected to continue their upward trend, backed by the export-oriented policies that have been implemented in the recent past, finance ministry said in a report.
The trade data for the month of March would be released by the Pakistan Bureau of Statistics (PBS) during first week of next month (April 2022).
According to Monthly Economic Update and Outlook, March 2022 released by the Finance Ministry, the stabilizing of the Real Effective Exchange will also help exports in keeping the rising trend.
On the other hand, the imports would probably return to a level that is more in line with domestic economic activity and the levels of international commodity prices, it added. As a result, the trade balance may less deteriorate in Mar 2022 as well.
However, according to the report, the geopolitical risks still persist. The government measures designed to stimulate exports and discourage unnecessary imports are expected to contribute to constrain current account deficit.
The remittances are also expected to revert to normal levels during the month of March as in January and February, the inflows declined to lower levels mainly due to negative seasonality.
Taking these factors into account, as well as its other components, the current account deficit is expected to stay well below the unsustainable levels observed during the period from Aug 2021 up to Jan 2022.-NNI