Trade deficit increased to 45 percent

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Trade deficit increased to 45 percent

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Pakistan exports were down due to electricity and gas crises, raising trade deficit over 45 percent.

11 May,2012 04:58 am

According to Pakistan Institute of Statistics the total volume of exports during the 10 months of current fiscal year was $19.39 billion which is 3.48 percent lower than the same period in the previous year.The total volume of imports during the 10 months of current fiscal year was $37.04 billion which is 14.81 higher than the previous year. Thus the trade deficit for July-April period was $17.65 billion. The trade deficit for the same period during the previous year was $12.17 billion.