Pakistan’s trade deficit expands in the current fiscal
Based on the provisional data released by Federal Bureau of Statistics, Pakistan's exports amounted to $1.02 billion in March, up by 9.1% compared to the same period of last year. In the first nine months of the current fiscal which began in July 2003, exports soared by 13.3% to $8.9 billion. This figure was $7.9 billion in the same period of previous fiscal. Pakistan's imports also rose by 16.3% to $10.5 billion in the first nine moths of fiscal year. Therefore, the increase in imports widened the country's nine months trade deficit to $1.6 billion from $1.2 billion in the same period of previous fiscal.