August Exports declined by 11% MoM – Alfalah Securities Limited
Karachi: The exports during the month of August, 2011 declined by 10.85% to USD 1.964 billion while the imports witnessed modest increase at USD 3.806 billion up by 3.17% as compared to July, 2011.
According to Alfalah Securities Limited, the trade deficit stood at USD 1.842 billion higher by 23.96% MoM. However, overall Jul-Aug FY12 exports remained higher by 20% at USD 4.167 billion as compared to last year. The prevailing law and order situation in the country is hindering the export growth and there is dire of making the business environment investor friendly.