Pakistan Reports Over $18 Billion Trade Data Discrepancy to IMF
Pakistan has reported a discrepancy exceeding $18 billion in its trade data over five fiscal years to the International Monetary … Read More The post Pakistan Reports Over $18 Billion Trade Data Discrepancy to IMF appeared first on ProPakistani .
Pakistan has reported a trade data discrepancy exceeding $18 billion to the International Monetary Fund (IMF), following a review by a high-level committee. The government claims the gap has been identified and reconciled. The discrepancy arose from differences in data recorded by two systems: PRAL (Pakistan Revenue Automated) and the Pakistan Single Window (PSW).
The committee's analysis revealed the biggest differences in import data related to China, with import records from 2017 not fully updated, leading to underreporting of certain categories of goods. The discrepancy rose from $1.4 billion in FY2020-21 to over $6.2 billion in FY2024-25, with the cumulative gap exceeding $18 billion over five fiscal years.
The committee recommended integrating systems, annual reviews, and better coordination with major trading partners to prevent similar issues.
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