2:11 AM
McGhori
ISLAMABAD: The commodities exports plunged for the third consecutive month in December 2011 as the continuing global recession shaved off demand from key markers like Europe and United States.
As a result, the country’s exports fell by 11.46 per cent in December to $1.854 billion as against $2.094 billion in the same month last year, suggested data of Pakistan Bureau of Statistics issued here on Wednesday.
Experts say the slowdown in exports will continue in the coming months because the demand from the key markets like European Union and United States is unlikely to revive.
The decline in exports is also witnessed in terms of rupee despite the fact that the massive depreciation of the rupee against the US dollar in the...
Posted in: BUSINESS
