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Engineering goods export up 11.7pc

byCT Report
14/06/2018
in Business
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ISLAMABAD: The export of engineering goods during July-April (2017-18) increased by 11.78 percent to $160.75 million as compared to the export of $143.8 million during first 10 months of previous fiscal year.

The auto parts and accessories’ export witnessed an increase of 31.2 per cent as it rose to $14.03 million in first 10 months of current fiscal year from $10.7 million worth of export during July-April 2016-17, latest data released by Pakistan Bureau of Statistics (PBS) said. Similarly, the export of machinery specialized for particular industries also soared to $35.8 million during the period under review as compared to the export of $20.4 million during same period of previous year, thus showing an increase of 75 percent.

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The export of electric fans, however declined by 4.61 percent from $21.3 million to $20.337 million in 10 months of current fiscal year. Likewise, the export of transport machinery also decreased by 15.42 per cent from $7.8 million in July-April (2016-17) to $6.6 million in same period of current fiscal year.

On year-on-year and month-on-month basis, the export of engineering goods in April 2018 increased by 7.16 percent and 12.2 percent when compared to the export during April 2017, and March 2016 respectively. The export rose from $17.4 million in April 2017 and $16.7 million in March 2018 to $18.7 million in April 2018.

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