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FX.co ★ Pakistan Trade Deficit Widens In January

Pakistan Trade Deficit Widens In January

(RTTNews) - Tuesday, Pakistan's Federal Bureau of Statistics announced that the trade deficit stood at US$ 1.17 billion in January 2009, widening from US$ 0.82 billion deficit in December 2008. A year ago, the trade deficit was US$ 2.06 billion.

Exports rose 3.79% month-on-month to US$ 1.36 billion in January, while imports grew 18.88% to US$ 2.53 billion.

On an annual basis, exports declined 7.07% in January, while imports dropped US$ 28.35%.

During the July to January period, the trade deficit amounted to US$ 10.73 billion, narrowing from US$ 10.36 billion recorded in the previous year. At the same time, exports and imports rose by 8.02% and 5.77%, respectively.

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