ISLAMABAD: The export commodities of Pakistan have increased with $7 million earning during October of Financial Year 2017-18 against the same period of corresponding Financial Year 2016-17.
According to details given by sources of Exports Section Islamabad that, during the month of October Financial Year (FY) 2017-18, the Exports Section did business of $38.738million and earned business of $31.00million. During October FY17-18, the Exports Section showed a growth of 28.64% against the last October FY16-17.
It was learnt that the Exports Section processed 800 extra Goods Declarations (GDs) during the month of October FY17-18 against the same period of FY16-17. During October FY17-18, the processed GDs were estimated 3192 while they stood at 2398 numbers of GDs during the same period of corresponding FY16-17.
The sources told CT that, during October FY17-18, the popular exports included leather and leather garments while five most favorite commodities included leather, hosiery (knitwear), surgical goods, readymade garments and oil seed and nuts. The other secondary exports were Halal meat, plastic goods, chemical and pharmaceuticals, cutlery, vegetables, sports goods, socks and bed-wears.
The exports increased during Financial Year 2016-17 with the value of goods around Rs300.00million against the last two corresponding Financial Years 2014-15 and 2015-16 whereas increase in GDs is also on the rise against abovementioned previous financial years.
During FY16-17, the exports were estimated at Rs26645.00million whereas GDs filed during said period was estimated at Rs29551million. Average per GD value is estimated at Rs0.9270million per GD during said period. The sources said that increase in exports is a better indicator for economy.
