Home Business Non-textile exports contract 5.6pc

Non-textile exports contract 5.6pc

by News Updater
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ISLAMABAD: Pakistan’s non-textile exports shrank 5.63 per cent year-on-year to $2.01 billion within the first quarter of present fiscal 12 months resulting from delays of orders amid Covid-19-related closures in main export markets, newest information launched by the Pakistan Bureau of Statistics confirmed.

Within the pre-Covid-19 interval, an upward pattern was seen in exports of non-textile merchandise, largely pushed by depreciation of the rupee.

Few value-added sectors have maintained progress in proceeds regardless of lockdown comparable to leather-based clothes, surgical devices and engineering items.

The info compiled by the PBS confirmed the meals basket contracted 17.87computer within the first quarter from a 12 months in the past. Beneath this class, exports of rice witnessed a decline of 23.47computer. Then again, basmati exports dipped 33.45computer in worth and 35.49computer in amount.

Export of fish and fish merchandise declined by1.55computer whereas that of fruits dipped by 15.91computer. Nevertheless, overseas sale of greens surged by 11.58computer, tobacco 21.80computer, spices 17.9pc, and meat merchandise 7.98computer throughout the months underneath evaluation.

No exports of wheat, sugar, and pulses following the imposition of ban from the nation within the month of March.

After a very long time, leather-based exports additionally rebounded by 10.83computer, pushed primarily by gross sales of leather-based clothes, gloves, adopted by different merchandise. The exports of engineering items went up 19.31computer throughout the interval underneath evaluation.

Footwear exports went down by 9.88computer on the again of leather-based footwear. Nevertheless, exports of canvas footwear was up over 15computer. The exports of surgical items, and medical devices declined by 1.45computer.

Opposite to those, exports of carpets and rugs decreased in worth by 9pc and in amount by 24computer throughout the first quarter from a 12 months in the past. Nevertheless, these of sports activities items went down 11.84computer with soccer dipping by 22.87computer. Tanned leather-based exports additionally plunged 40.25computer.

Yr-on-year, exports of jewelry surged 112.53computer, gems 11.37computer and cement 8.27computer.

The exports of furnishings dipped 16.36computer, molasses 78.91computer, and gur 1.88computer.

Revealed in Daybreak, October 21st, 2020



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