Business | Economy

Channel Sponsor

Pakistan deficit widens as imports surge 19%

Pakistan's current-account deficit widened in the first seven of the fiscal year as imports rose 18.8 per cent, the central bank said.

  • Bloomberg
  • Published: 01:13 February 24, 2008
  • Gulf News

Karachi: Pakistan's current-account deficit widened in the first seven of the fiscal year as imports rose 18.8 per cent, the central bank said.

The deficit, the amount by which imports exceed exports, expanded to $7.5 billion in the seven months to January 30, from $5.1 billion in the year-ago period, according to a statement late on Saturday from the Karachi-based State Bank of Pakistan.

Exports in the period rose 14 per cent to $1.07 billion and imports climbed to $1.87 billion, according to the State Bank, the nation's central bank.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Economy

  1. Spain eyes increased UAE trade

  2. Russia cuts rates to rein in rouble

  3. UAE banks on manufacturing

  4. US economy headed for lacklustre recovery

All articles in Economy

More from Business

Gulf News
Popular in Business
Airlines in the region
Budget travel

Airlines in the region

Take a pictorial look at some of the budget airlines in GCC

Business Editor's choice