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Top News

Pakistan Feb trade deficit $895m vs $1.11bn in Jan

Published Updated

 ISLAMABAD: Pakistan's trade deficit narrowed to $895 million in February, from $986 million a year earlier, the Federal Bureau of Statistics said on Thursday.

The trade deficit was $1.11 billion in January.

Exports totalled $2.15 billion in February, against $1.51 billion a year ago, according to the bureau.

Imports totalled $3.05 billion, up from $2.50 billion in February last year.

The country's trade deficit for the first eight months of the 2010/11 fiscal year (July-June) was $10.26 billion, compared with a $9.51 billion deficit in the same period a year earlier.

CPI INDEX

Pakistan's consumer price index (CPI) rose 12.91 percent in February from a year ago, the Federal Bureau of Statistics said on Thursday.

The CPI was down 0.74 percent from January.

The wholesale price index (WPI) rose 24.43 percent in February from a year earlier, and 1.87 percent over January, according to the bureau. February's 12.91 percent rise in the CPI compared with a median forecast among analysts in a Reuters poll of 14.10 percent.

An increase in fuel prices this month will be incorporated in the inflation data from March.

Copyright Reuters, 2011

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