The country’s trade deficit widened by 10.53 percent from USD $1.605 billion in August to $1.774 billion in July, 2012. The trade deficit during August 2012, against the same period of last month shrank by 4.67 percent from $1.861 billion in August, 2011 to $1.774 billion in August this year. The trade deficit during first two months of current fiscal year (2012-13) also contracted by 0.44 percent to $3.377 billion from $3.392 billion during same period of last financial year. According to data released by Pakistan Bureau of Statistics (PBS) on Thursday, the country’s exports declined by 7.10 percent from $2.057 billion in July, 2012 to $1.911 billion in August. The imports to the country in August this year remained $3.685 billion against imports of $3.662 billion during last month showing an increase of 0.63 percent. Similarly, the exports from the country during August this year ($1.945 billion) decreased by 1.75 percent as against same period of last year ($1.911 billion). The imports of same corresponding period also decreased by 3.18 percent from $3.806 billion in August 2011 to $3.685 billion in August, 2012. The country’s imports during first two months of current fiscal year declined by 1.99 percent from $7.495 billion to $7.346 billion during first two months of last fiscal year. The exports of the country during the same corresponding period also decreased by 3.27 percent as the exports during July-August (2012-13) remained $3.969 billion while the exports during the same period of last year remained $4.103 billion.
