ISLAMABAD -The imports of plastic supplies into the nation witnessed decline of seven.94 p.c through the first eight months of present monetary 12 months (2019-20) as in comparison with the corresponding interval of final 12 months.
Pakistan imported plastic price $1326.052 million throughout July-February (2019-20) in comparison with the imports of $1440.492 million throughout July-February (2018-19), exhibiting adverse development of seven.94 p.c, in response to the Pakistan Bureau of Statistics (PBS).
By way of amount, the imports of plastic witnessed enhance of seven.23 p.c because the nation imported 1,059,006 metric ton of plastic through the interval underneath overview in comparison with the imports of 987,612 metric ton throughout final fiscal 12 months.
In the meantime, on year-on-year foundation, the plastic imports into the nation throughout February 2020 witnessed enhance of 6.53 p.c when in comparison with the imports of the identical month of the final 12 months.
The plastic imports through the months underneath overview had been recorded at $202.790 million towards the imports of $190.354 million throughout February 2019.
On month-on-month foundation, the plastic imports throughout February 2020 additionally elevated by 15.54 p.c when in comparison with the imports of $175.518 million in January 2020, the information revealed.
It’s pertinent to say right here that the nation’s merchandise commerce deficit plunged by 26.45 p.c through the first 9 months of the present fiscal 12 months (2019-20) as in comparison with the deficit of the identical months of final 12 months.
Through the interval underneath overview, the nation’s exports registered about 2.23 per cent development, whereas imports lowered by 14.42 per cent, in accordance the overseas commerce statistics, launched by the Pakistan Bureau of Statistics (PBS).
Through the interval from July-March (2019-20), exports reached to $17.451 billion towards the exports of $17.071 billion of the identical interval of final 12 months, it added.
In the meantime, the nation’s imports witnessed vital lower of 14.42 % as these went down from $40.679 billion in first 9 months of final monetary 12 months to $34.814 billion of identical interval of present monetary 12 months, it stated.