• Proceeds drop 15.4pc to $2.4bn in November
• Monthly import bill grows 5.4pc to $5.25bn

ISLAMABAD: Merchandise exports shrank by 15.4 per cent year-on-year in November, marking the fourth consecutive month of decline in the current fiscal year, Pakistan Bureau of Statistics (PBS) said on Tuesday.

The downward trend has raised alarm among policymakers amid fears of weakening global demand and a possible slump in foreign orders. Negative export growth has continued since August of the current fiscal year.

The figures showed the fifth month of contraction in the past six months, with

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