Yet another good news for Pakistan on the exports front

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Yet another good news for Pakistan on the exports front

ISLAMABAD: Yet another good news for Pakistan on the exports front as the Rice exports from the country during the first half of current financial year grew by 26.30pc as compared the exports of the corresponding period of last year.

During the period from July-December 2019-20, rice over 2.020 million metric tons worth $1.033 billion exported as compared to the exports of 1.587 million tons valuing $817.923 million of same period of last year. According to data released by the Pakistan Bureau of Statistics, exports of Basmati rice witnessed overwhelming growth of 55.89pc as about 415,083 metric tons of above mentioned commodity worth $380.623 million exported as compared to the exports of 241,491 metric tons valuing $244.169 million of the same period of last year.

Meanwhile, exports of rice other than Basmati also grew by 13.71pc during the period under review as 1,605,613 metric tons of rice worth $652.428 million exported as against 1,345,961 metric tons valuing $573.754 million during the same period of last year.

However, on a monthly basis, rice exports decreased by 8.19pc in December 2019 as 403,923 metric tons of rice valuing $197.185 million against exports of 431,744 metric tons of same month of last year.

It is worth mentioning here that in first six months of the current financial year, food group exports from the country witnessed 10.96pc growth as food commodities worth $2.199 billion exported as compared to the exports of $1.994 billion of the same period of last year.

On the other hand, food imports during the period under review decreased by 13.48pc as it came down from $2.966 billion in July-December, 2018-19 to $2.556 billion in the same month of the current financial year.