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Exports grew by 3.52 percent in four months, trade deficit swelled by 1.97pc

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ISLAMABAD: The exports from the country during first four months (July-October) of current financial year grew by 3.52 percent and reached at US $7,285 million as compared to the exports of US $7,037 million of the corresponding period of last year.
Meanwhile, imports into the country also witnessed an increase of 0.06 percent during the period under review, according to trade data released by the Pakistan Bureau of Statistics on Friday.
During the period from July-October, 2018-19, the trade deficit grew by 1.97 percent as compared the same period of last year, it added.
On month on month basis, trade deficit widened by 2.36 percent in October, 2018 as compared to the corresponding month of last fiscal year.
In October, 2018, exports from the country increased by 1.17 percent, whereas imports into the country swelled by 1 percent.
In last month the country exported different commodities worth US $1,903 million as compared the exports of US $1,881 million during the same month of last fiscal year, whereas it paid an amount of US $ 4,841 million on the import of different products to tackle with the local consumptions as against the import of US $4,890 million of same period of last year, it added.
The trade deficit was increased by 8.72 percent in month of October as compared to the month of September, 2018. During the period under review, exports grew by 10.15 percent and imports surged by 9.28 percent.
In October, local exports were recorded at US $1,093 million as compared the exports of US $1,728 million during the month of September 2018, whereas imports into the country were recorded at US $4,841 million as compared to imports of US $4,430 million during same month of last year, the data reveled.

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