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Engineering goods exports up by 42.44pc in four months

Engineering goods exports up by 42.44pc in four months

LAHORE: The exports of engineering goods of the country have grown by 42.44 per cent during first four months of current financial year as compared to the same period of previous fiscal year.

According to Pakistan Bureau of Statistics data, engineering goods worth $110.95 million have been exported during the period from July-October, 2013, as against exports of $77.89 million of corresponding period of the last year.

The data revealed that the export of electric fans increased by 23.45 per cent as 511,000 fans worth $12.268 million were exported as compared to 485,000 fans valuing $9.936 million in the same period last year.

Similarly, the country earned $5.906 million by exporting transport equipment, which was up by 0.58 per cent as against the exports of previous financial year. From July-October 2013, the export of other electric machinery increased by 64.13 per cent adding $32.58 million into national reserves as compared to $19.85 million in the corresponding period previous year.

However, the data showed that the exports of machinery specialised for particular industry decreased by 12.63 per cent. The country managed to earn $9.23 million which was recorded at $10.56 million in same period previous year.

Meanwhile, exports of auto parts and accessories also shrunk by 29.35 per cent during the period under review and came down from $8.38 million to $5.992 million.

According to data during the period under review other machinery exports registered increase of 93.45 per cent and reached at $45.04 million as against exports of $23.28 million of same period last year.