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Pakistan exports Rs 201b goods in October

Pakistan exports Rs 201b goods in October

LAHORE: Pakistan has exported items worth Rs 201.076 billion in October that is 1.58 percent more than the corresponding period of last fiscal year, while imports into Pakistan during October 2014 remained Rs 438.369 billion that is 25.80 percent than the same period of last year.

According to available data, Pakistan’s exports during October of the current fiscal year remained Rs 201.076 billion that is 9.90 percent less than the exports of September worth 223.172 billion. On the other hand, exports from Pakistan grew 1.58 percent as compared to Rs 197.940 billion exports in the same period of previous fiscal year.

Exports during July-October 2014 totalled Rs 804.356 billion against Rs 888.025 billion during the corresponding period of last year showing a decrease of 9.42 percent.

Main exported goods during October were knitwear, cotton cloth, garments, bed wear, cotton yarn, rice, towels, made-up articles and cement.

Knit wear export showed 5.44 percent decline during October 2014 as compared to September 2014, cotton cloth downed 9.56 percent, bed wear 13.07 percent, basmati rice declined 11.24 percent and cement export decreased 21.17 percent.

Exports of garments and rice increased 10.66 percent and 35.48 percent respectively in October 2014 as compared to the exports of September 2014.

Imports into Pakistan during October 2014 remained Rs 438.36 billion against Rs 466.77 billion in September 2014 and Rs 348.471 billion during October 2013 showing a decrease of 6.09% over September 2014 but an increase of 25.80 over October 2013.

On the other hand, imports during July-October 2014 totalled Rs 1.69 trillion against Rs 1.49 trillion during the corresponding period of last year showing an increase of 13.08%.

Main imported commodities during October 2014 were petroleum products, palm oil, medical products, plastic materials, iron and steel, aircraft, ships and boats, electrical machinery, power generating machinery and fertilisers.

The increase recorded in main commodities imported during October 2014 over September 2014 are medical products that showed 126.82 percent growth, plastic material 0.43 percent, aircraft, ships and boats 26.58 percent, electrical machinery 19.34 percent and fertilisers grew 0.22 percent.

Import of petroleum products decreased 7.93 percent, petroleum crude 9.01 percent, palm oil 11.54 percent, iron and steel 18.53 percent and power generating machinery 14.31 percent during October 2014 as compared to September 2014.