Islamabad: Pakistan trade deficit surged by 45.01 per cent in ten months of the current fiscal year, according to Pakistan Bureau of statistics.
The exports of the country decline by 3.48 per cent in exports during July-April 2011-12 over the same previous year with exports decreasing to $19.393 billion in the current fiscal year from $20.092 billion over previous year.
The imports on other hand showed a significant increase of 14.81 per cent during the period and touched $37.042 billion in the current
fiscal year compared to $32.263 billion in the previous year.
The increase in petroleum prices in the international market as well import of fertilizer and other food commodities have contributed to
the rise in import which would exert pressure on external account as well as foreign exchange reserves and exchange rate.
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