Pakistan’s Trade Deficit Narrows 31.1% to $1.15 Billion in July: Bloomberg

By Farhan Sharif

Aug. 11 (Bloomberg) -- Pakistan’s trade deficit narrowed by 31.1 percent in July as imports fell faster than exports.

The trade gap narrowed to $1.15 billion in the first month of the new fiscal year, from $1.67 billion a year ago, according to data posted on the Web site of the Federal Bureau of Statistics in Islamabad.

Overseas sales fell 20.8 percent to $1.49 billion, while imports fell 25.6 percent to $2.64 billion, according to the data.

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Pakistan’s Trade Deficit Narrows 49.2% as Imports Decline: Bloomberg

By Farhan Sharif

April 10 (Bloomberg) -- Pakistan’s trade deficit narrowed by 49.2 percent in March as imports fell faster than exports.

The trade gap fell to $1.04 billion in the ninth month of the fiscal year ending June 30, from $2.05 billion a year earlier, according to data posted on the Web site of the Federal Bureau of Statistics in Islamabad.

Overseas sales fell 25.9 percent to $1.3 billion, while imports fell 38.4 percent to $2.4 billion, according to the data.

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Services export witnesses growth of 33.86% in July-Jan 2009: Daily Times

KARACHI: The services trade deficit narrowed down by almost 38 percent in the first seven months of current fiscal year over the same period of previous year. The services deficit came to $2.470 billion in the period under review against $3.967 billion in the corresponding period of last fiscal, Federal Board of Revenue (FBR) reported Monday. Services export registered 33.86 percent growth to $2.161 billion in July-January 2009 period over $ 1.614 billion in the same period 2007-08. The imports of services decreased by 17.02 percent to $4.632 billion in the said period against $5.582 billion in the last fiscal. In month of January current fiscal, the service trade deficit reduced even greater by 75.58 percent to $164.075 million against $671.805 million in the same month of previous year. The growth in export of services during this particular month was 40 percent while the imports decreased by 46.71 percent in the same month of last year. The service sector comprises government services, travel services, transportation services, financial services, communication services, construction services, computer and information services, royalties and licenses. Despite having enormous potential, the growth and development of services sector in Pakistan has been quite negligible.

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Pakistan's Jan trade gap narrows to $1.17 bln: Reuters

KARACHI, Feb 9 (Reuters) - Pakistan's trade deficit narrowed to $1.17 billion in January from $2.05 billion in January 2008, but rose from a deficit of $815.92 million in December, the Federal Bureau of Statistics said on Monday.

The deficit in the seven months from July through January of the 2008/09 fiscal year widened to $10.7 billion as compared with $10.4 billion in the corresponding period last year, the data showed.

Exports stood at $1.36 billion in January as compared with $1.31 billion in December and they fell 7.1 percent against January 2007.

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Pakistan's July/Dec c/a deficit narrows to $6.053 bln: Reuters

KARACHI, Jan 16 (Reuters) - Pakistan's current account deficit narrowed in the six months from July through December to $6.053 billion, compared with $7.269 billion the same period last year, the central bank said on Friday.
The current account deficit for December fell to $458 million from $800 million in November, the State Bank of Pakistan said on its website.
Analysts said this was mainly due to a decrease in international oil prices. Oil was trading at $36 a barrel on Friday, compared to a record high of $147 in July last year.
Analysts said this would ease pressure on the central bank to raise the discount rate in the near term.
A six-monthly monetary policy meeting is due to be announced on Jan. 31, the central bank said on Friday.

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Pakistan's Nov trade gap narrows to $1.196 bln: Forbes

KARACHI, Dec 12 (Reuters) - Pakistan's trade deficit narrowed to $1.196 billion in November from $1.62 billion in November 2007, and fell even more sharply from last month's deficit of $1.94 billion.

According to the Federal Bureau of Statistics data released on Thursday, exports stood at $1.53 billion in November, little changed from $1.54 billion in the same period of last year.

Imports fell to $2.72 billion in November from $3.16 billion a year ago, the data showed.

For more on this article, please click on the following link: Pakistan's Nov trade gap narrows to $1.196 bln: Forbes