Pakistani exports indicate rise in the last fiscal year
Trade figures published by the Federal Bureau of Statistics (FBS) show that total exports of Pakistan reached $12.27 billion during the 2003/04 fiscal year, up by 1.4% or $17 million against the set target of $12.1 billion. In the aforementioned period, exports indicated a rise of 9.98% compared to $11.16 billion recorded in 2002/03 fiscal year. On the other hand, exports were registered as $1.21 billion in June, indicating a drop of 4.4% compared to $1.26 billion obtained in the same period of last year. However, June exports were 13.7% higher than May figure. The country's imports amounted to $1.74 billion in June with an increase of 51.2%. Trade deficit, which was recorded as $1.06 billion in 2002/03 fiscal year, reached $3.19 billion during the last fiscal year.