Import & export sectors of Pakistan are facing a grave situation.
In the first five months of the current financial year the country is suffering from a trade deficit of $5.405 billion showing a 17.91 percent increase compared to the trade deficit of $4.584 billion in same period of year 2005-06.
The Federal Bureau of Statistics is one of the departments of the statistics division of the Finance Ministry of Pakistan.
The Division revealed Pakistan's exports stood at $6.927 billion in the five month period against the imports of the country jumped to $12.333 billion in July-November period of this fiscal year.
Whereas the exports during the same period of previous fiscal year was $6.591 billion, showing an increase of 5.09 percent against the imports of $11.176 billion, compared to the increase of 10.35 percent.
The sources from the Economic Coordination Committee of the Cabinet informed that growth in exports is accelerating and this reversal of trend of increased export than import would help to bridge the gap between exports and imports and trade deficit would remain less than the previous fiscal year.
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