Jewellery exports up 41pc in July

ISLAMABAD: The exports of jewellery from the country witnessed increase of 40.97 percent during the first month of the current fiscal year compared to the same month of last year.

According to the data issued by the Pakistan Bureau of Statistics (PBS) on Wednesday, jewellery worth $0.640 million was exported during July 2016/17 compared to t$0.454 million in July 2015/16.

However, as compared to the exports of $1.310 million recorded in June 2016, the exports of jewellery witnessed decline of 41.15 percent during July 2016. Exports from the country during the first month of the current fiscal year were recorded at $1.479 billion, compared to $1.588 billion in the same month last fiscal, witnessing negative growth of 6.86 percent.

On the other hand, the imports during July 2016 were recorded at $3.557 billion compared to $3.348 billion in July 2015, showing increase of 6.24 percent.

The trade deficit during July 2016 was recorded at $2.078 billion compared to the deficit of $1.760 billion during July 2015, showing an increase of 18.07 percent.