Exports up 12.7pc to Rs2.88tr in 10MFY20

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ISLAMABAD: The exports from the country, in rupee term, increased by 12.71 per cent during the first 10 months of the current fiscal year as compared to the corresponding period of last fiscal year, the Pakistan Bureau of Statistics (PBS) reported.

The exports from the country during July-April (2019-2020) were recorded at Rs28,83,787 million as against Rs 25,58,582 million during the corresponding period of last year, showing an increase of 12.71pc, according to provisional data released by PBS.

However, on year-on-year basis, the exports from the country decreased by 46.62pc in April 2020 as compared to the exports of April 2019. The exports in April 2020 were recorded at Rs157,412 million as against the export of Rs294,883 million during April 2019.

Likewise, the exports on month-on-month basis decreased by 45.23pc in April 2020 when compared to the export of Rs287,411 million in March, 2020.

The main commodities of exports during April 2020 were rice others (Rs21,663 million), knitwear (Rs15,173 million), Basmati rice (Rs15,012 million), bed wear (Rs12,628 million), readymade garments (Rs10,096 million), cotton cloth (Rs8,888 million), cotton yarn (Rs6,376 million), fish & fish preparation (Rs4,554 million), plastic materials (Rs4,402 million) and meat and meat preparations (Rs4,047 million).

On the other hand, imports during July-April (2019-2020) were recorded at Rs5,965,492 million as against Rs6,036,561 million during the corresponding period of last year, showing a decrease of 1.18pc.

The imports into the country during April, 2020 amounted to Rs526,880 million as against Rs525,410 million in March 2020 and Rs665,418 million during April 2019, showing an increase of 0.28pc over March 2020, but a decrease of 20.82pc over April 2019.

The main commodities of imports during April 2020 were petroleum products (Rs56,508 million), palm oil (Rs31,208 million), electrical machinery and apparatus (Rs27,667 million), natural gas, liquefied (Rs24,896 million), plastic materials (Rs23,910 million), raw cotton (Rs19,354 million), iron and steel scrap (Rs17,300 million) Iron and steel (Rs15,936 million), medicinal products (Rs12,222 million) and pulses (Rs10,340 million).

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