Thursday, December 16, 2010

Country’s export grows 19% in July-November

KARACHI: Country’s export registered a 19 percent growth in the first five months of the current fiscal year over the same period last year, providing a breathing space on the trade balance side.

The exports totaled $8.95 billion in July-November 2010-11 against $7.53 billion in the same period last year, the official figures released by Trade Development Authority of Pakistan (TDAP) indicated on Wednesday.

On the other hand, imports also kept growing during the period under review as the cumulative value of imports for the period July-November 2010 was $15.38 billion against $12.75 billion, registering a growth of 21 percent over the same period last year

During the month of November alone, export continued to flourish as the growth during the month was 17 percent.

The export in the month under review was $1.78 billion as compared to $1.52 billion during November 2009.

Imports during November 2010 were valued at $3.13 billion registering a growth of 43 percent over the level of imports valued at $ 2.19 billion in November 2009.

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