Another positive development for Pakistan on the economic front

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Another positive development for Pakistan on the economic front

ISLAMABAD - Another positive development for Pakistan on the economic front.

Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.

The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).

As per details, food commodities that recorded a decrease in their imports included milk, cream & milk food for infants (-41.8pc), tea (-31pc), palm oil (-25.38pc), sugar (-18pc) and pulses (-22.3pc).

Meanwhile, the commodities that recorded an increase in their exports included basmati rice (+47.29pc), fruits (+10.2pc), vegetables (+21pc) and tobacco (+269.6pc) respectively.

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