ISLAMABAD - Trade deficit during the month of December 2012 has peaked to more than $1b, 29pc more than that of Dec 2011. Media reports quoting official statistics indicate that during the first term of current year the deficit skyrocketed to more than $9 billion.

Meanwhile during the initial six months of current year exports registered an 8pc increase to previous year's turnout, at more than $12 billion; while imports raged at a 3pc increase of $21 billion, ushering in the 14pc increase in trade deficit.