Pak economy in doldrums

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Pak economy in doldrums

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Investors confidence takes nose dive amid deteriorating economy of Pakistan.

17 October,2011 02:43 pm

With an addition of 29 percent, the trade deficit has ballooned to $ 5 billion. There has been an increase of 23 percent in imports, while exports were increased by 18 percent. In September, the remittances were confined to $ 0.89 billion, with a decrease of 32 percent.Owing to decrease in discount rate, the profit rate of Pakistan Investment Bond remained 12.24 percent. During the last week foreign investors pulled out $ 2.9 million from Pakistan.