Trade gap narrows

Published October 11, 2012

ISLAMABAD, Oct 11: The country’s trade deficit narrowed 9.97 per cent to $4.666 billion in the first quarter of 2012-13, compared with $5.183 billion, due to a rise in exports of 4.26 per cent and a fall in imports of 2.37 per cent, according to data released by Pakistan Bureau of Statistics on Thursday.

Exports during July-September were recorded at $6.187 billion, compared with $5.934 billion during the same period last year while imports decreased to $10.853 billion from US$11.117 billion last year.

During the month of September, exports rose 21.12 per cent to $2.219 billion whereas imports decreased 3.20 per cent to 3.504 billion, from Sept last year.—APP

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