ISLAMABAD (SANA): Due to reduce of imports and slightly increase of export, the trade deficit during the first eight month (July-February) of the current fiscal year stood at $9.422 billion, which was 19.45 percent low against the same period of the last fiscal year.
According to the provisional data provided by Federal Bureau of Statistics, the imports during the period decreased by 8.20 percent by falling from US$23.768 last year to US$21.819 during the current financial year.
The exports during the period climbed to US$12.397 billion against the exports of US$12.070 billion last year, showing a positive growth of 2.71 percent.
On the other hand, the imports during February 2010 decreased by 24.58 percent as compared to January 2010. The figures show that imports during February were fell to US$2.0 billion against the imports of US$3.320 during January.
The exports from the country also witnessed negative trend of 9.42 percent during the month under review. Exports during February 2010 stood at US$1.539 billion against the exports of US$1.700 billion during January 2010.
However, as compared to the imports of US$2.122 billion during February 2008-09, imports during February 2009-10 surged by 17.99 percent.
