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Food exports surge over 30 percent to $512.321 million in two months – Daily Pakistan

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ISLAMABAD – The meals exports from the nation surged by 30.06 % throughout the first two months of the present fiscal yr in comparison with the corresponding interval of final yr.

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The nation earned $512.321 million by exporting varied meals commodities throughout July-August (2-17-18) in comparison with the exports of $393.926 million in July-August (2016-17), exhibiting development of 30.06 %, in line with the info of Pakistan Bureau of Statistics (PBS).

The meals merchandise that contributed in constructive development in commerce included rice, exports of which grew by 40.36 % from $159.543 million final yr to $223.937 million present yr.

Among the many rice merchandise, the exports of basmati rice elevated by 10.35 %, from $$56.857 million to $62.741 million whereas the exports of different rice commodities elevated by 56.98 %, from $102.686 million to $161.196 million.

The exports of fish and fish preparations elevated from $29.486 million to $35.273 million, exhibiting development of 19.63 % whereas the exports of greens went up from $18.888 % to $20.538 %, a rise of eight.74 %.

Tobacco exports expanded by 27.29 % from $zero.700 million to zero.891 million whereas the exports of wheat witnessed cent % development as its exports have been recorded at $zero.323 million throughout the first two months of present yr in comparison with zero exports of final yr.

Pakistan export oil seeds, nuts and kernals price $zero.5.410 million throughout the first two months of present yr in comparison with $three.468 million, exhibiting a rise of 56 %, whereas the sugar exports witness hundred % development as Pakistan exported the commodity price $32.313 million towards zero exports of final yr.

Based mostly on the figures, the commerce deficit throughout the first two months of the present fiscal yr was recorded at $6.290 billion which indicated a rise of 33.52 % when in comparison with the deficit of $four.711 billion throughout the identical interval of final yr. – APP

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