Pakistani trade deficit rises to $15.102 bn

KARACHI: Pakistan´s trade deficit rose by 4.22 percent to $15.102 billion for the July to February 2016 period, compared with a deficit of $14.490 billion for the same period last year, according to the Pakistan Bureau of Statistics.

Exports declined to $13.874 billion in the eight month period from $15.995 billion the previous year.

Imports dropped to $28.976 billion from $30.485 billion.

The Pakistan financial year begins in July.

On a monthly basis, the trade deficit decreased to $1.513 billion in February from $1.712 billion the previous month.

Exports totalled $1.791 billion in February and imports were worth $3.304 billion.