PBS, commerce ministry release contrasting trade figures
$6.4 billion cut in deficit now equals 78% of existing foreign exchange reserves
Balancing inflation, trade dynamics and policies for a better future
Trade deficit shrinks over 40% reaching $1.7 billion in December
Result in trade deficit of only $9.4b during first five months of this fiscal year
Drops to $5.3b on reduced imports, while export sector poses challenges
Inflation estimated to remain at 8% in next fiscal year
Increase comes on back of rising imports to support industrial, agricultural activities
Exports and imports record nominal increase in five-month period
Increases $115m as imports surge and exports contract