ISLAMABAD – Another positive development for Pakistan on the economic front.
Food group imports into the country during the first quarter of the currentfinancial year (July-Sept 2019-20) decreased considerably by 24.7pc,whereas exports increased by 13.98pc compared with the corresponding periodof last year.
The import of food commodities into the country during the period underreview came down from $1.45 billion to $1 billion, whereas the exportsincreased from $864 million to $984.7 million, according to latest datareleased by the Pakistan Bureau of Statistics (PBS).
As per details, food commodities that recorded a decrease in their importsincluded milk, cream & milk food for infants (-41.8pc), tea (-31pc), palmoil (-25.38pc), sugar (-18pc) and pulses (-22.3pc).
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Meanwhile, the commodities that recorded an increase in their exportsincluded basmati rice (+47.29pc), fruits (+10.2pc), vegetables (+21pc) andtobacco (+269.6pc) respectively.
