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Exports increase 16.42% to Rs3.615 trillion in 11 months; 14.59% in May

ISLAMABAD, Jun 21 (APP):The exports from Pakistan in rupee term increased by 16.42 percent during the first eleven months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports during July–May (2020 – 2021) totaled Rs.3,615,857 million as against Rs.3,105,799 million during the corresponding period of last year showing an increase of 16.42%, according to the provisional figures of …

US lauds Pakistan's efforts to advance Afghan peace WASHINGTON, Aug 03 (APP):The United States has expressed appreciation for Pakistan's efforts to advance the Afghan peace process and stability in South Asia, including by encouraging the Taliban to engage in substantive negotiations. “Pakistan has much to gain and will continue to have a critical role, will be well-positioned to have a role in supporting the outcome that not only the United States seeks, but that many of our International partners, many of the countries in the region also seek," State Department Spokesman Ned Price told reporters on Monday. "So, we'll continue to work and to communicate closely with our Pakistani partners on this,” he added. Last week, Pakistan’s National Security Advisor, Moeed Yusuf, met his American counterpart Jake Sullivan and agreed to “sustain the momentum in Pak-US cooperation”. It was their second meeting, at which Afghanistan and several other issues were discussed, after Geneva in May, as part of the of the high-level bilateral engagements between the two countries. “The (Pakistani) National Security Advisor did not meet with the Secretary (of State, Tony Blinken),” Price said, explaining that "we were traveling all last week." Responding to a question, price noted the recent statement of China on the Afghan peace process. Beijing said the ongoing peace process needs to be Afghan-led and Afghan-owned, “So, there is an alignment of interests, at least in some areas, when it comes to what we seek in Afghanistan, what the PRC (People’s Republic of China) seeks in Afghanistan, and what the broader international community seeks in Afghanistan. We will continue to explore how we might be able to coordinate and work together towards that shared goal,” the spokesman added.

Exports increase 16.42% to Rs3.615 trillion in 11 months; 14.59% in MayISLAMABAD, Jun 21 (APP):The exports from Pakistan in rupee term increased by 16.42 percent during the first eleven months of the current fiscal year as compared to corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.

The exports during July–May (2020 – 2021) totaled Rs.3,615,857 million as against Rs.3,105,799 million during the corresponding period of last year showing an increase of 16.42%, according to the provisional figures of PBS.

Meanwhile, exports from Pakistan during May 2021 amounted to Rs. 256,115 million as against Rs.339,498 million in April, 2021 and Rs.223,512 million during May, 2020, showing a decrease of 24.56% over April, 2021 but an increase of 14.59% over May, 2020.

The main commodities of exports during May, 2021 were knitwear (Rs. 44,936 million), readymade garments (Rs. 29,864 million), bed wear (Rs. 27,746 million), cotton cloth (Rs. 20,641 million), cotton yarn (Rs. 11,050 million), rice others (Rs. 10,001 million), towels (Rs.9,473 million), madeup articles (excl. towels & bedwear) (Rs.7,460 million), Basmati rice (Rs. 6,264 million) and fish & fish preparations (Rs. 4,766 million).
Meanwhile, imports during July–May (2020-21) totaled Rs.7,992,202 million as against Rs.6,418,372 million during the corresponding period of last year showing an increase of 24.52%.

Imports into Pakistan during May, 2021 amounted to Rs.813,622 million as against Rs.802,443 million in April, 2021 and Rs. 457,399 million during May 2020 showing, an increase of 1.39% over April, 2021 and of 77.88% over May 2020.

The main commodities of imports during May, 2021 were petroleum products (Rs. 86,724 million), petroleum crude (Rs.48,626 million), natural gas, liquefied (Rs. 42,396 million), palm Oil (Rs. 39,108 million), plastic materials (Rs. 33,563 million), iron & steel (Rs. 33,219 million), electrical machinery & apparatus (Rs.29,707 million), mobile phones (Rs.26,903 million), medicinal products (Rs.23,834 million) and power generating machinery (Rs.22,845 million).

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