In a positive economic development, Pakistan seek another good news on the exports front

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In a positive economic development, Pakistan seek another good news on the exports front

ISLAMABAD: Food group exports from the country during the first five months of the current financial year (FY20) increased by 16.20pc as compared to the corresponding period of last year.

Food commodities worth $1.757 billion were exported during July-November FY20 as against the exports of $1.512 billion during the same period of FY19, according to data released by the Pakistan Bureau of Statistics.

On the other hand, the import of the food commodities into the country during the period under review decreased by 15.36pc, from $2.467 billion in 5MFY19 to $2.088.

Meanwhile, on a month-on-month basis, the export of food commodities registered a 16.30pc growth, as food products worth $397.708 million were exported in November 2019, as against $341.975 million worth of exports in November 2018.

However, the import into the country during the month under review increased by 5.14pc, from $480.775 million in November 2018 to $505.503 million.

In the first five months of FY20, the country fetched $835.863 by exporting about 1.601 metric tonnes of rice, an increase of 38.58pc when compared with $603.149 million earned during the same period of last year.

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