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Thursday, July 15, 2010

Exports At All Times High

Pakistan's Exports recorded an all time high in dollar terms for the fiscal year 2010. Exports in 2010 were 19.38 billion. Data with comparison to last year is as follows:
Exports 17.7
Imports 34
Trade Deficit 17
Exports 19.38
Imports 34
Trade Deficit 15

As we can see Trade Deficit has been reduced by almost 12%. This is a very good news and shows that macro economic situation is improving.
For foreign investors this is a very important news because that means Pakistan's Currency doens't not poses any significant risk for investment.

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