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Non-textile exports dip 19pc

Non-textile exports dip 19pc

ISLAMABAD: Pakistan’s non-textile exports fell 19.39 per cent to $5.505 billion during the first eight months (July-February) of 2015-16 from $6.829bn in the same period last year, Pakistan Bureau of Statistics data showed on Friday.

The commerce ministry has announced a series of initiatives in its three-year strategic trade policy framework (2015-18) to promote exports of mainly non-textile products.

An official of the ministry said: “We will start the implementation of support measures for exporters from the first week of April.” The new measures would boost exports from sectors like pharmaceuticals, rice, fruits and vegetables, the official added.

On a year-on-year basis, exports of petroleum products declined by 75.27pc, primarily due to a drop of 99.48pc in petroleum naphtha and 31.82pc in petroleum products. Exports of petroleum crude fell 61.23pc.

Carpets and rugs exports decreased by 18.50pc and sports goods dipped 2.73pc. Footballs exports, however, grew by 2.10pc.

Exports of tanned leather dropped by 27.49pc, leather products by 12.73pc, footwear by 19.80pc and leather footwear by 24pc.

Surgical goods and medical instruments grew by 4.66pc, while engineering goods exports dipped 21.36pc during the period.

Exports of gur fell by 59.16pc, cement 32.21pc, handicrafts 99.74pc, molasses 4.83pc, furniture 36.48pc, and gems 52.08pc. However, jewellery exports witnessed a growth of 6.61pc.

In the food basket, exports of rice, both basmati and non-basmati, decreased by 10.76pc. Exports of oil, wheat, tobacco also declined. However, exports of spices, vegetables and meat rose during the eight-month period.

Published in Dawn, March 26th, 2016

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