Jewelry export goes up 1.3 percent in FY18

MG News | July 31, 2018 at 04:23 PM GMT+05:00

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Jewelry export from the country increased by 1.3 percent during the fiscal year 2017-18 to $5.9 million as compared to exports worth of $5.8 million in same period of the preceding year.

Exports of gems surged by 34.97 percent during the period under review as it rose to $4.05 million in July-June (2017-18) from $3 million in Jul-Jun (2016-17).

According to latest data released by Pakistan Bureau of Statistics (PBS), the jewelry export witnessed a sharp decrease of 93 percent and 91 percent when compared to the export of June 2017 and May 2018 respectively.

The export went down to $34,000 in June 2018 from $508,000 in June 2017 and $381,000 in May 2018.

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