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| | GEO Business | | Trade deficit drops by 16pc | Updated at: 1056 PST, Wednesday, May 13, 2009
 ISLAMABAD: Pakistan’s trade deficit declined by 16 percent during first ten months (July-April) period of current fiscal year 2008-09.
The Bureau of Statistics data released here said that current fiscal year July-April deficit amounted to over $14.16 billion, which as compared previous year less by 16 percent.
Pakistan’s exports have registered a decline of 3.03 percent during July-April period of current fiscal year 2008-09 with total exports at $14.762 billion as compared with $15.222 billion in same period of last fiscal year.
Country’s imports also witnessed a decline of 9.78 percent during the July-April period of ongoing fiscal year with total imports at $28.922 billion as against the imports of $32.059 billion in same period last fiscal year.
April 2009 over April 2008: Country’s merchandise exports totaled $1.362 billion during April 2009 as against the exports of $1.790 billion in April 2008 projecting a decline of 23.92 percent. Similarly, imports of the country declined by 31.74 percent in April 2009 with total imports at $2.789 billion as compared with imports of $4.099 billion in April 2008. Trade deficit during April 2009 totaled at $1.435 billion as against the deficit of $2.309 billion in April 2008 indicating a decline of 37.8 percent.
April 2009 over March 2009: The exports of the country witnessed an increase of 3.76 percent in April 2009 with total exports at $1.362 billion as compared with exports of $1.313 billion in March 2009. Imports registered a growth of 18.83 percent in April 2009 with total imports at $2.798 billion as compared with imports of $2.355 billion in March 2009. Trade deficit amounted to $1.435 billion in April 2009 against the deficit of $1.041 billion in March 2009 projecting an increase of 37.82 percent.
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