ISLAMABAD: The country’s merchandise exports recorded a negative growth of 8.93 per cent in April, marking the second such instance during the current fiscal year, according to the Pakistan Bureau of Statistics (PBS) on Friday.

Export proceeds fell to a single-digit growth in October, with the growth pace progressively slowing in subsequent months, eventually turning negative in February with a 5.57pc decline, and now again in April with an 8.93pc drop.

Although export growth briefly returned in March with a modest 3.08pc increase, it slipped back into negative territory in April.

The continued slowdown in export proceeds may concern policymakers in the federal government. However, the Ministry of Commerce is not showing signs of alarm over the consistent........

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