6. International Trade And Balance Of Payments

6. international trade and balance of payments

Third country exports in the first eight months of FY 2004/05 sharply fell by 22.4 percent and limited to Rs. 12.05 billion, which had increased at least by 0.9 percent in the same period of FY 2003/04. This sharp fall in third country exports during the review period of 2004/05 has been mainly due to the substantial decrease in export of garments by 38.5 percent as a result of the end of quota system. The export of Pashmina and processed leather also declined by 4.6 percent and 11.9 percent respectively during this period.