Oil import bill widens 97pc in first quarter

ISLAMABAD: The country’s oil import bill widened by over 97 per cent to $4.59 billion in the first quarter of current fiscal year (3MFY22) from $2.32bn over the corresponding months of last year owing to rising price in the international market and depreciation of the rupee. The continuing increase in import bill of oil is triggering trade deficit and may cause uneasiness on the external … Continue reading Oil import bill widens 97pc in first quarter