Pakistan’s food imports decrease, exports increase in first quarter of FY19
The import of food into the country during the time period under review decreased from $1.45 billion to $1 billion.
During the first quarter of the Fiscal Year (2019-2020), the food imports of the country have decreased by 24.7pc, on the other hand, the exports have increased by 13.98 pc, as compared to the same period of last year.
The import of food into the country during the time period under review decreased from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, as per the data released by PBS (Pakistan Bureau of Statistics).
According to the details released, food supplies saw a decrease in imports of milk, cream & milk, food for infants (-41.8pc), palm oil (-25.38pc), pulses (-22.3pc), sugar (-18pc) and tea (-31pc).
Simultaneously, exports of basmati rice went up by 47.29pc, vegetables by 21pc, tobacco by 269.6pc and fruits by 10.2pc.l
The decline in exports of spices, wheat, oilseeds, nuts, sugar, and kernels was also witnessed. On a monthly basis, imports reduced by 1.74pc in September of 2019 as compared to August 2019, it dropped by 21pc as compared to September of 2018.
Otherwise, the food exports during Sept 2019 increased by 21pc to $275 million, as compared to Aug 2019 and 13pc to $294.9 million as against Sept 2018.
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