07-14-2008, 06:42 PM
<b>Soaring trade deficit and sliding rupee</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->For decades, Pakistanâs balance of trade remained negative, though not as high as now. In 1996-97, with the PPP in power, it touched $ 3.52 billion; <b>today it is a staggering $20.75 billion. This deficit is based on imports of $39.97 billion and exports of $19.22 billion</b> recorded by the Federal Bureau of Statistics (FBS) in 2007-08 but, as always, the export figure will be revised downward and the deficit could be six times of its 1996-97 size.<!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->