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Pakistan textile exports increased to Highest ever level even before launch of new Policy

Pakistan textile exports increased to Highest ever level even before launch of new Policy

admin-augaf by admin-augaf
February 16, 2022
in Business, Finance, International, National, PTI
Reading Time: 2 mins read
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Pakistan textile exports increased to Highest ever level even before launch of new Policy
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Islamabad, February 16, 2022: According to the provisional figures compiled by the Pakistan Bureau of Statistics, exports from Pakistan during January, 2022 amounted to Rs.461,651 million (provisional) as against Rs.489,639 million in December, 2021 and Rs.343,533 million during January, 2021 showing a decrease of 5.72% over December, 2021 but an increase of 34.38% over January, 2021.

In terms of US dollars the exports in January, 2022 were $ 2,618 million (provisional) as compared to $ 2,764 million in December, 2021 showing a decrease of 5.28% but increased by 22.05% as compared to $ 2,145 million in January, 2021.

Exports during July – January, 2021 – 2022 totaled Rs. 3,023,435 million (provisional) as against Rs. 2,322,286 million during the corresponding period of last year showing an increase of 30.19%.

In terms of US dollars the exports during July – January, 2021- 2022 totaled $ 17,744 million (provisional) against $ 14,255 million during the corresponding period of last year showing an increase of 24.48%.

Main commodities of exports during January, 2022 were Knitwear (Rs. 68,297 million), Readymade garments (Rs. 58,390 million), Bed wear (Rs. 46,617 million), Cotton Cloth (Rs. 38,239 million), Rice Others (Rs.28,561 million), Towels (Rs.16,056 million), Cotton Yarn (Rs.13,652 million), Fruits (Rs.12,900 million), Madeup Articles (Excl. towels & Bedwear) (Rs.12,135 million) and Rice Basmati (Rs.10,241 million).

Imports into Pakistan during January, 2022 amounted to Rs. 1,067,207 million (provisional) as against Rs. 1,342,938 million in December, 2021 and Rs. 769,235 million during January, 2021 showing a decrease of 20.53% over December, 2021 but an increase of 38.74% over January, 2021.

In terms of US dollars the imports in January, 2022 were $ 6,053 million (provisional) as compared to $ 7,580 million in December, 2021 showing a decrease of 20.15% but increased by 26.03% as compared to $ 4,803 million in January, 2021.

Imports during July – January, 2021- 2022 totaled Rs. 7,942,419 million (provisional) as against Rs. 4,765,362 million during the corresponding period of last year showing an increase of 66.67%.

In terms of US dollars the imports during July – January, 2021 – 2022 totaled $ 46,616 million (provisional) as against $ 29,257 million during the corresponding period of last year showing an increase of 59.33%.

Main commodities of imports during January, 2022 were Petroleum products (Rs. 119,483 million), Petroleum crude (Rs.67,929 million), Natural Gas Liquified (Rs. 65,425 million), Medicinal Products (Rs.52,696 million), Palm Oil (Rs. 50,506 million), Plastic Materials (Rs. 37,790 million), Iron & Steel scrap (Rs.37,255 million), Iron & Steel (Rs.35,327 million), Mobile Phone (Rs.31,695 million) and Wheat unmilled (Rs. 27,685 million).

Based on the provisional figures of imports and exports the balance of trade in January, 2022 was (-)605,556 million in terms of Rupees and (-)3,435 million in US dollars. The balance of trade figures cumulative from July – January, 2021–2022 were (-)4,918,984 million in terms of Rupees and (-)28,872 million in US dollars.

Four statements giving quantity and value details of selected commodities of exports and imports for the month of January, 2022 and July – January, 2021 – 2022 along-with the data for previous month and corresponding period of last year are enclosed.

Tags: BUSINESSfinanceImran KhanPakistanpakistan stock exchangePakistan Tahreek InsaafPSXPTI
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