Trade gap falls 3.89pc to $18.7b

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Trade gap falls 3.89pc to $18.7b

KARACHI - The trade deficit fell 3.89 per cent year on year in the first 11 months of fiscal 2012/13, the Bureau of Statistics said on Wednesday. Trade deficit for the first 11 months of the fiscal 2012/13 (July-May) narrowed to $18.7 billion, compared with a deficit of $19.4 billion in the year-earlier period.

Exports rose to $22.3 billion from $21.487 billion and imports to $41 billion from $40.9 billion. On a monthly basis, the trade deficit fell to $2.2 billion in May from $1.8 billion the previous month. Exports totalled $2.2 billion in May and imports were $4.3 billion.

Courtesy: Nation

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