ISLAMABAD : The services trade deficit narrowed by 42.16pc during the first month of current fiscal year as exports increased by 12.26pc with imports showing negative growth of 11.95pc. The overall services’ exports from the country were recorded at $384.92m during July 2013 against the exports of $342.9m during same period of last year, showing growth of 12.26pc. The imports of services into the country during the first month of the current year decreased by 11.95pc by going down from last years imports of $617.71m to $543.88m.

 Based on this data, the overall trade deficit during the period under review was recorded at $158.96 million against the deficit of 274.82 million during last year.