KARACHI (APP) – Pakistan’s trade deficit widened by 11.73 percent to $19.735 billion for the July 2014 to May 2015 period, compared with a deficit of $17.663 billion for the same period last year, according to the Pakistan Bureau of Statistics.
Exports declined to $21.875 billion in the eleven month period from $23.092 billion the previous year. Imports rose to $41.610 billion from $40.755 billion.
The Pakistan financial year begins in July.
On a monthly basis, the trade deficit rose to $1.894 billion in May from $1.795 billion the previous month.
Exports totalled $1.953 billion in May and imports were worth $3.847 billion.
