Pakistan's exports fall by 11% despite currency devaluation

April 18, 2019 (MLN): Despite currency devaluation,  Pakistan's exports to rest of the world have failed to catch up pace. According to the provisional figures compiled by the Pakistan Bureau of Statistics (PBS), exports from Pakistan during March, 2019  recorded at $1,979 million (provisional) as compared to $1,889 million (provisional) in February, 2019 showing an increase of 4.76% but decreased by 11.13% as compared to $2,227 million in March, 2018.

Exports during July-March, 2018-2019 totaled $17,083 million (provisional) against $17,064 million during the corresponding period of last year showing an increase of 0.11%.

Main commodities of exports during March, 2019 were, Knitwear (Rs.29,960 million), Readymade garments (Rs.29,909 million), Bed wear (Rs.26,335 million), Cotton cloth (Rs.25,823 million), Rice others (Rs.23,756 million), Cotton yarn (Rs.12,792 million), Towels (Rs.9,916 million), Rice Basmati (Rs.8,185 million), Made-up articles (excl. towels & bed wear) (Rs.8,126 million) and Fish & Fish preparations (Rs.6,387 million).

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