Pakistan trade deficit mounts to $ 1.6bn in July alone

Islamabad: (Saturday, August 11, 2012) Pakistan’s trade deficit in the first month of the ongoing fiscal year, July, has mounted to $ 1.6 billion. The current trade deficit is 4.7 percent higher than the figures for similar month
the previous year.

While explaining the increasing trade deficit phenomenon, Pakistan Statistics Department said that the pace of Pakistan’s imports as against exports has been very high, as Pakistan’s imports in July 2012 reached as high as $ 3.66
billion, while the exports couldn’t go beyond $2.05 billion.

Overall, the exports, as compared to the same month for the previous year, fell short by 4.6 percent, which imports only by 0.73 percent.

Short URL: https://www.newspakistan.pk/?p=30771

Posted by Fayyaz Yaseen on Aug 12 2012. Filed under Business, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry