Islamabad: Trade deficit of the country widened to $1.98 billion in May from $1.62 billion in the same month of corresponding year, the Federal Bureau of Statistics (FBS) said on Friday.
It is to be mentioned here that the deficit was $870 million in April.
Exports increased to $2.30 billion in May, from $1.73 billion a year ago, according to the FBS. Imports totalled $4.28 billion in May, up from $3.36 billion in May last year. The country’s trade deficit for the first 11 months of the 2010/11 (July-June) fiscal year was $14.10 billion, compared with a $13.97 billion deficit in the same period last year.
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