Manufactured Leather Exports Increase By 10% During 1QFY20
As per data released by the Pakistan Bureau of Statistics, the export of leather garments increased by 11.48%.
During the first quarter of the current financial year, an increase in exports of leather has been observed. The exports grew by 10.41% as compared to the exports of the same time last year.
During the period July – September 2019, the leather goods worth $131,407 million were exported, as compared to last year, where the exports stood at $119,018 million.
As per data released by the Pakistan Bureau of Statistics, the export of leather garments increased by 11.48%, which is about 322 TH.DOZ of leather garments, whose value stands at $75,107 million. Last year, the numbers stood at 234 TH.DOZ, whose price was $67,375 million.
But, in the first quarter of the current fiscal year, 1,438 TH.DOZ of leather gloves, worth $53,669 million were exported, last year the exports were at 1,287 TH.DOZ, valuing $49,142 million.
Not only this, but other leather goods exports also showed a positive increase of 5.20%.
Goods worth $2,631 million were exported, last year during the same period these exports valued $2,501 million.
”Pakistan’s Exports Have Increased By 12%”
Exports volume growth. Exports volumes grew 12% during FY18-19. (Source SBP).
Strong growth witnessed from July-Sep 19 period too this year. (Source PBS). pic.twitter.com/U9BON1ysbU
— Hammad Azhar (@Hammad_Azhar) November 6, 2019
Hammad Azhar, Minister for Economic Affairs, on Wednesday in a tweet said that the country’s exports have increased by 12% in the financial year 2018-19, citing State Bank of Pakistan (SBP) as the data source.
Previously, the minister had said that the economic policies of the incumbent government had started to show the result as a decrease in the current account and fiscal deficits and an increase in foreign direct investment, revenue collection and tax base was observed.