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Trade deficit widens to $19.735bn in 11 months

SAMAA | - Posted: Jun 16, 2015 | Last Updated: 5 years ago
SAMAA |
Posted: Jun 16, 2015 | Last Updated: 5 years ago
Trade deficit widens to $19.735bn in 11 months

KARACHI: Pakistan's trade deficit widened by 11.73 percent to $19.735 billion for the July 2014 to May 2015 period, compared with a deficit of $17.663 billion for the same period last year, according to the Pakistan Bureau of Statistics.

Exports declined to $21.875 billion in the eleven month period from $23.092 billion the previous year. Imports rose to $41.610 billion from $40.755 billion.

The Pakistan financial year begins in July.

On a monthly basis, the trade deficit rose to $1.894 billion in May from $1.795 billion the previous month.

Exports totalled $1.953 billion in May and imports were worth $3.847 billion. (Reuters)

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