FIFA World cup drives up exports of football by 10.64%

News Image

MG News | July 02, 2018 at 11:37 AM GMT+05:00

0:00

Export of footballs from Pakistan during July-May (2017-18) has increased by 10.64 percent as compared to same month of the previous year.
As many as 37.28 million numbers of manufactured footballs valuing US $153.018 million were sent abroad during the period under review compared to export of 32.568 million footballs worth of $138.3 million during July-May (2016-17), latest data of Pakistan Bureau of Statistics (PBS) reported.
The increase in export of footballs is witnessed amid ongoing Fifa World Cup in Russia, where Pakistan’s manufactured special footballs are being used.
The football that is being used in the tournament is technically termed as thermo bonded, which was first introduced in the 2014 FIFA World Cup.
Before that, Pakistan had supplied hand stitched football for almost all the World Cups from the 1990s to 2010.
Meanwhile, on year basis, the export of footballs also witnessed a surge of 29.4 percent in May 2018 compared to that of May 2017.
During the month 4.164 million footballs worth of $15.6 million were supplied across the globe compared to the export of 2.712 million footballs valuing $12.083 million in May 2017.
Similarly on month on month basis the footballs export also witnessed an increase of 2.02 percent as the export during April 2018 stood at $15.3 million against the export of $15.6 million in May this year.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg