Jan trade deficit at $1.11b

ISLAMABAD: Pakistan's trade deficit narrowed to $1.11 billion in January, from $1.63 billion a year earlier, the Federal Bureau of Statistics said on Wednesday.

The trade deficit was $1.62 billion in December 2010.

Exports totalled $2.32 billion in January, against $1.68 billion a year ago, according to the bureau's data.

Imports totalled $3.44 billion, up from $3.32 billion in January last year.

The country's trade deficit for the first seven months of the 2010/11 fiscal year (July-June) was $9.31 billion, compared with a $8.53 billion deficit in the same period a year earlier.