Pakistan's Trade Deficit with Middle East Drops 41% on Lower Oil Imports and Higher Exports
- Pakistan's trade deficit with Middle East fell 41% to $5.67 billion in July 2023-January 2024
- Exports to Middle East rose 36% to $1.77 billion; imports fell 32% to $7.44 billion
- Exports increased to Saudi Arabia, UAE, and Kuwait specifically
- Top exports include rice, bovine meat, textiles, fruits
- Decline attributed to lower oil imports and free trade agreement with Gulf states
