Pakistan’s balance of trade has improved by 13% in May 2012 over the same month last fiscal year. During May 2012 trade deficit was US$ 1.7 billion while it was US$ 1.99 billion in May 2011.
As per released data, Pakistan exports during eleven months of the fiscal year 2011-12, decreased by 3.8 percent. The cumulative trade figure shows that Pakistan’s exports during July-May were US$ 21.53 billion, while in the corresponding period of the last fiscal year, exports were $ 22.39 billion. Imports during July-May 2011-12 were $ 40.93 billion as compared to US$ 36.55 billion during the same period of the year 2010-11, registering a 12 percent growth.
On the other hand Pakistan’s exports during May 2012 were valued at US $ 2.16 billion which was 5.96% lower than the level of US$ 2.3 billion during May 2011. Imports during May 2012 were valued at US $ 3.89 billion registering a decline of 9.3 per cent over the imports of US $ 4.29 billion in May 2011.