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Pakistan's Jan trade gap narrows to $1.17 bln
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Pakistan's Jan trade gap narrows to $1.17 bln
Reuters - Tuesday, February 10
KARACHI, Feb 9 - Pakistan's trade deficit narrowed to $1.17 billion in January from $2.05 billion in January 2008, but rose from a deficit of $815.92 million in December, the Federal Bureau of Statistics said on Monday.
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The deficit in the seven months from July through January of the 2008/09 fiscal year widened to $10.7 billion as compared with $10.4 billion in the corresponding period last year, the data showed.
Exports stood at $1.36 billion in January as compared with $1.31 billion in December and they fell 7.1 percent against January 2007.
Imports were worth $2.53 billion in January compared with $2.12 billion in December and they fell 28.4 percent compared with January 2008.
Exports in the first seven months of this fiscal year rose 8 percent to $10.93 billion compared with $10.12 billion in the same period a year earlier.
Imports were $21.66 billion in the first seven months against $20.5 billion in the same period a year ago.
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