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Pharma exports up by 5.42pc in two months

Pharma exports up by 5.42pc in two months

LAHORE: The exports of pharmaceutical products registered increase of 5.42 per cent during the first two months of current financial year as compared to the same period of last year.

During the period from July-August 2013, about 2,238 metric tons of pharmaceutical products worth $24.067 million exported as compared to 2,441 metric tons valuing $22.83 million in the same period of last year, said the data of Pakistan Bureau of Statistics.

According to the data exports of surgical goods and medical instruments recorded growth of 10.32 per cent which added $54.93 million in forex reserves against the last year’s exports of 49.79 million.

During the period under review, cutlery exports grew by 7.03 per cent and reached $14.45 million as compared to the exports of $13.50 million of same period last year.

The exports of onyx manufactured increased by 73.62 per cent as about 889 metric tons of the product worth $2.48 million exported as compared to 533 metric tons costing $1.43 million of the same period of previous year, the data revealed.

Chemicals and pharma products worth $196.85 million were exported from July-August, 2013 which was up by 60.91.42 per cent as compared to $122.33 million of the same period last year. However, the data revealed that exports of fertilizers decreased by 100 per cent, while plastic material by 7.29 per cent respectively, it added.

The other chemical exports witnessed tremendous increase of 226.70 per cent in first two months of current financial year and reached $112.48 million as compared to last year’s exports of $34.42 million, it added.