ISLAMABAD: The exports of pharmaceutical products from the country during the Financial Year 2018-19 grew by 8.6pc as compared to the corresponding period of last year.
Pakistan exported pharmaceutical products worth $211.674 million during July-June 2018-19 as against the export of $194.910 million during July-June 2017-18, according to the latest data issued by Pakistan Bureau of Statistics (PBS).
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In terms of quantity, the export of pharmaceutical products increased by 29.27 per cent, from 10,189 metric tonnes to 13,171 metric tonnes.
Meanwhile, on a year-on-year basis, the pharmaceutical exports witnessed a decrease of 5.99pc in June 2019 when compared to the same month of last year. The pharmaceutical exports in June 2019 were recorded at $14.061 million against the export of $14.957 million in June 2018.
On a month-on-month basis, the exports of pharmaceutical products also witnessed a decrease of 21.15pc in June 2019 when compared to the exports of $17.832 million in May 2019.
It is pertinent to mention that the country’s merchandise trade deficit plunged by 15.33pc during the fiscal year 2018-19 compared to the corresponding period of last year.
The trade deficit contracted to $31.820 billion in FY2018-19, as against the deficit of $37.583 billion recorded in FY2017-18.
