Exports increases by 6.39% in May

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ISLAMABAD, Jun 10 (APP): The country’s merchandise
exports in May increased by 6.39 per cent as compared to that
of April, 2016.
The exports increased from US $1.722 billion in April,
2016 to $1.832 billion in May this year, according to a data
revealed by Pakistan Bureau of Statistics (PBS) on Friday.

Similarly the merchandise imports also increased from
$3.842 billion in April to $4.008 billion in May this year
thus showing an increase of 4.21 per cent.

On year-on-year basis the exports declined by 6 per cent
from $1.949 billion in May, 2015 to $1.832 billion in May this
year whereas the imports increased by 7.63 per cent from
$3.724 billion in May, 2015 to $4.008 billion in May this
year.

During first 11 months of current fiscal year (2015-16),
the trade deficit increased by 8 per cent to $21.166 billion
as compared to the deficit of $19.86 billion in July-May
(2014-15).

The exports during the period under review decreased by
12.37 per cent from $21.859 billion in July-May, 2014-15
$19.155 billion in first 11 months of current fiscal year.

Similarly the imports also witnessed decline of 2.74 per
cent as it went down from $41.458 billion last year to $40.321
billion this year.