Country's exports increase by 33 percent

ISLAMABAD : The exports of Pakistan in May 2011 increased by 33 percent over the exports in May 2010, according to the

Published June 9, 2011 Updated June 9, 2011 12:18pm

1 min

By Imad Uddin

Add BRecorder as a trusted
source on Google

For the first time, country’s exports for the 11 months of the financial year2010-11 are reported at Rs1.95 trillion (US$ 22.7 billion) which is well above this year's targets of US $ 21.2 billion.

The exports as percentage of imports have increased by 6 percent in the current year trace over last year.

It is expected that the country, for the first time would be able to export goods worth $ 25 billion in this year, said a statement issued by Ministry of Commerce here on Thursday.

On the other hand imports increased at a rate of 16 percent and were reported at US $ 36.5 billion in July-May 2010-11.

Read Comments