| GEO Business|
| Trade deficit at $10.72 bln in 7 months|
| Updated at: 1730 PST, Monday, February 09, 2009|
ISLAMABAD: Trade deficit of the country was recorded at 10.72 billion dollars in the first 7 months of the current fiscal year.
According to the figures released by the Federal Bureau of Statistics, country’s exports increased by 8 percent to 10.95 billion dollars compared to the same period last year.
The imports were recorded at 21.66 billion dollars which is 5.77 percent higher than the previous year.
The government has set an export target at 22 billion dollars for the current fiscal year while imports are expected to remain around 34 billion dollars.