Karachi: Pakistan exports managed to grew by paltry 0.5% in seven months of the current financial year 2011-12 owing to dwindling value of its exportable items in the international market.
The country exports reached $ 13.189 billion in July-January, while in the corresponding period of the last year 2010-11 exports were $ 13.122 billion, the data released by Trade Development Authority of Pakistan (TDAP) said.
The value and volume of textile products and cotton has down steeply in the international commodity market, which fetched lower income for the country in the past seven months.
In January 2012, exports were valued at US $ 1.953 billion which was 15.4% per cent lower than the level of US $ 2.307 billion during January 2011.
On the other hand, imports of the country increased significantly on growth in volume and value of petroleum products and depreciated rupee against the dollar.
The imports in the period of July-January 2011-12 were $ 26.362 billion as compare to $ 22.546 billion during the same period of the year 2010-11, registered a 15.9 percent growth.
In January 2012, imports were valued at US $ 3.649 billion registering a growth of 6 per cent over the level of imports valued at US $ 3.444 billion in January 2011.
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