Country’s non-textile exports grew 24.59 percent year-on-year to $4.61 billion in the first five months of the current fiscal year.
The government had given a lot of facilities to promote the exports of the country, especially reduction of customs duty on the import of raw material and machinery, used in the manufacturing of exportable items in the budget of the current fiscal year.
As a result, the country’s non-textile exports increased by 24.59 percent year-on-year basis to $4.61 billion during the first five months of the current fiscal year. Three sectors including leather garments, surgical instruments, and engineering goods increased their exports proceeds in the last financial year in spite of the Covid-19.
Read more: Textile exports hit all-time high of $6.04 billion in four months
The exports of pharmaceutical products moved down by 0.59 percent. The exports of footwear went up by 13.91 percent during the period, under consideration. The exports of engineering items increased by 16.42 percent. The engineering items include machinery specialized for particular industries, auto parts, and accessories, etc.
According to the data released by the State Bank of Pakistan about the non-textile exports, the exports of leather garments increased by 10.42 percent. The exports of leather gloves went up by 11.81 percent. The exports of raw leather rose by 37.96 percent during the first five months of this fiscal year. The exports of surgical instruments showed a negative growth of 3.35 percent.
The export of carpets moved up by 17.89 percent, the exports of sports items increased by 24.48 percent during the period from July to November, this year. The exports of food items increased by 26.89 percent during the first five months of the current fiscal year. The foods items include rice, the export of which rose by 13.07 percent.
The exports of spices increased by 29.63, the exports of oilseeds, the exports of meat products increased by 0.10 percent but the exports of fish products decreased by 9.72 percent during the first five months of this financial year.
The exports of vegetables, fruits, and tobacco grew by 31.47 percent, 27.69 percent, and 26.96 percent respectively during the period, from July to November, this year. The export of furniture went up, by 206 percent, and the export of cement, jewelry, molasses, handicraft, and gur and its product came down by 6.21 percent, 1.63 percent, 69.23 percent, 100 percent, and 1.47 percent respectively during the period, under consideration.