Printer Friendly

Trade deficit shrinks 6.75% in 9 months.

ISLAMABAD -- In a positive development, the country's trade deficit decreased by 6.75 percent during the first ten months of

the current fiscal year as exports increased by 4.23 percent and imports decreased by 1.02 percent.

The overall exports from the country increased from $19.329 billion in July-April (2011-12) to US$20.147 billion during July-April (2012-13), according to the data of Pakistan Bureau of Statistics (PBS).

On the other hand, the imports into the country decreased from $37.042 billion last year to $36.665 billion during the current fiscal year, showing negative growth of 1.02 percent, the data revealed.

According to the data, the trade deficit during the first nine months of current fiscal year stood at $16.518 billion against the deficit of $17.713 billion, decrease of 6.75 percent.

Meanwhile, on month on month basis, the exports during the month of April, 2013 witnessed nominal decrease of 0.19 percent when compared to March 2013.

The exports during April 2013 were recorded at $2.130 billion against the exports of $2.134 billion during March 2013.

On the other hand, the imports into the country increased by 6.02 percent in April 2013 to $3.909 billion against the imports of $3.687 billion during March 2013.

The trade deficit during April 2013 stood at $1.779 billion against the deficit of $1.553 billion during March 2013 showing an increase of

14.55 percent.

On year on year basis the exports from the country decreased by 4.44 percent while the imports increased by 4.05 percent during April 2013 against April 2012. The exports in April 2012 were recorded at $2.229 billion while the imports stood at $3.757 billion respectively, the data revealed.
COPYRIGHT 2013 Asianet-Pakistan
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:May 15, 2013
Words:296
Previous Article:Lahore Stock Exchange up by 19.36 points.
Next Article:ACCA launches foundation diploma for finance professionals.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters