China's state-owned firm Shanghai Electric Power Company Limited (
I really like the quality of Pakistani Cotton garments, Very thick soft, smooth and comfortable, If only there are more accessible and more variety, I would not mind purchasing more.Pakistan’s Trade Deficit Fell by $2.2 billion in July-August 2019...
Figures were released by the Pakistan Bureau of Statistics (PBS) on Friday.
According to PBS, Pakistan’s exports in August 2019 saw a decline of 7.65% to $1.859 billion as compared to $2.013 billion of August 2018.
On a monthly basis, the country’s exports in August were posted at $1.859 billion against $ 1.894 billion in July 2019, showing a decline of 1.85 percent.
According to data released by the PBS, cumulatively, the exports grew 2.8% or just $102 million to $3.75 billion in the July-August period of the current fiscal year as compared with $3.65 billion in 2018, which suggests a serious review of the monetary policy.
The following were the major exports commodities during August 2019:
Knitwear (Rs. 44,054 million)
Readymade garments (Rs. 37,261 million)
Bed wear (Rs. 32,549 million)
Cotton cloth (Rs. 27,991 million)
Cotton yarn (Rs. 17,282 million)
Rice others (Rs. 12,739 million)
Towels (Rs. 9,686 million)
Rice Basmati (Rs. 9,130 million)
Made-up articles (excl. towels & bed wear) (Rs. 8,528 million)
Surgical Goods & Medical Instruments (Rs. 5,971 million).
Balance of Trade
The trade deficit saw a decline of 35.86%, as it shrank to $3.92 billion from $6.1 billion in the first two months of this fiscal year (July-August). There was a decrease of $2.2 billion in the trade deficit and almost all of it came from falling imports.
During August 2019, Pakistan’s imports saw a decline of 9% to $3.658 billion as compared to $4.019 billion in July 2019. Moreover, on an annual basis, Pakistani imports witnessed a reduction of 26.26% as imports in August 2018 were $4.961 billion against $3.658 billion in August 2019.
In terms of US dollars, the imports during July-August 2019 totaled at $ 7.677 billion against $ 9.769 billion during the corresponding period of last year, showing a decrease of 21.41 percent, which provided relief to the government.
The following were the major imported commodities during August 2019:
Petroleum products (Rs. 76,215 million)
Natural gas, liquified (Rs.46,779 million)
Electrical machinery and apparatus (Rs. 38,133 million)
Plastic materials (Rs. 25,347 million)
Palm oil (Rs. 23,792 million)
Iron and steel (Rs. 23,695 million)
Petroleum crude (Rs.23,328 million)
Iron and steel scrap (Rs. 19,415 million)
Power generating machinery (Rs. 15,564 million)
Medicinal Products (Rs. 13,692 million).