faisaljaffery
FULL MEMBER
- Joined
- Mar 28, 2010
- Messages
- 314
- Reaction score
- 0
ISLAMABAD (June 22 2010): Pakistan may not be able to achieve annual trade deficit target of $10.7 billion as trade deficit for July-April 2009-10 stood at $13.884 billion. According to Annual Plan 2010-11, the trade deficit for 2009-10 would be $10.7 billion. Total exports for 2009-10 have been estimated $19.2 billion against the target of $18.3 billion, while imports are expected to be $29.09 billion, compared to the target of $28.9 billion.
Though trade deficit narrowed to $13.884 billion in July-May 2009-10, compared to $15.316 billion for the same period of last year on the back of 8.88 percent growth in exports, it is still higher compared to trade deficit target of $10.7 billion set for the on-going fiscal year.
Provisional trade figures, released by Federal Bureau of Statistics (FBS) on Friday, showed that Pakistan exported goods and services worth $17.6 billion during July-May 2009-10, which were 8.88 percent higher as compared to $16.165 billion of May 2008-09. The imports of $31.485 billion for the period under review are 0.1 percent higher as compared to $31.482 billion.
Further analysis of the data showed that Pakistan exported goods worth $1.753 billion in May 2010, which were 19.89 percent higher over $1.462 billion for the same month of last year. The country imported goods worth $3.36 billion in May 2010, which were 31.31 more than $2.56 billion over May 2009. The trade deficit of $1.609 billion in May was 46.51 percent higher as compared to $1.098 of the same month of last year.
Analysis of the data for May over April 2010 showed that exports of $1.753 billion were high by 0.94 percent as compared to $1.737 billion of April 2010. Imports of $3.363 billion in May 2010 were 11.53 percent more as compared to $3.015 billion of April 2010. The trade deficit of $1.609 billion in May 2010 is 25.91 percent higher as compared to $1.278 billion for April 2010.
Though trade deficit narrowed to $13.884 billion in July-May 2009-10, compared to $15.316 billion for the same period of last year on the back of 8.88 percent growth in exports, it is still higher compared to trade deficit target of $10.7 billion set for the on-going fiscal year.
Provisional trade figures, released by Federal Bureau of Statistics (FBS) on Friday, showed that Pakistan exported goods and services worth $17.6 billion during July-May 2009-10, which were 8.88 percent higher as compared to $16.165 billion of May 2008-09. The imports of $31.485 billion for the period under review are 0.1 percent higher as compared to $31.482 billion.
Further analysis of the data showed that Pakistan exported goods worth $1.753 billion in May 2010, which were 19.89 percent higher over $1.462 billion for the same month of last year. The country imported goods worth $3.36 billion in May 2010, which were 31.31 more than $2.56 billion over May 2009. The trade deficit of $1.609 billion in May was 46.51 percent higher as compared to $1.098 of the same month of last year.
Analysis of the data for May over April 2010 showed that exports of $1.753 billion were high by 0.94 percent as compared to $1.737 billion of April 2010. Imports of $3.363 billion in May 2010 were 11.53 percent more as compared to $3.015 billion of April 2010. The trade deficit of $1.609 billion in May 2010 is 25.91 percent higher as compared to $1.278 billion for April 2010.
