Pakistans trade deficit narrowed to $1.23 billion in October from $1.39 billion in October last year, the Federal Bureau of Statistics said. The trade deficit in September this year was $1.16 billion. Exports stood at $1.98 billion in October this year, against $1.57 billion a year ago, according to the bureau's data posted on its website late on Thursday. Imports were worth $3.22 billion, compared with $2.97 billion in October last year. The country's trade deficit for the first four months of the 2010/11 fiscal year was $5.1 billion compared with $4.54 billion in the year-ago period.