The country's exports have crossed $20 billion mark in the first 10 months of the current financial year. Despite economic slowdown of the western economies, it is all the more significant that Pakistan is on course to set new records of exports growth, TDAP said in a statement issued here on Monday.
To build on this landmark achievement, the TDAP is accelerating its efforts and taking out-of-box measures to achieve a possible $24 billion exports by the end of this financial year. Pakistan's exports in the month of April 2011 were $2.38 billion. It was 40 percent higher than the level of $1.7 billion during April 2010. Pakistan has been consistently crossing the $2 billion mark for the last 5 months of the current financial year.
The imports during April 2011 were valued at $3.247 billion registering a growth of 7.7 percent over the level of imports valued at US $3.016 billion in April 2010. However, the trade deficit shrunk in April by 34 percent as compared to April last year, which was also a positive sign for our current account.
Cumulative value of exports for the period July-April 2010-11 was $20.18 billion as against $15.773 billion registering a growth of 27.9 percent over the same period last year. While, cumulative value of imports for the period July-April 2010-11 was US 32.263 billion as against $28.123 billion last year, registering a growth of 14.7 percent over the same period last year. For the period April-July 2010-11, the trade deficit was marginally reduced by about 2 percent.-PR
Comments
Comments are closed for this article.