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Tag: Pakistan Bureau of Statistics

  • Import of CKD motor vehicles witnesses unprecedented growth

    Import of CKD motor vehicles witnesses unprecedented growth

    ISLAMABAD: The import of motor vehicles in Completely Knock Down (CKD) condition has witnessed a unprecedented growth of 4902 percent in December 2020 due to acceleration of manufacturing activities by auto industry in the country.

    According to Pakistan Bureau of Statistics (PBS), the import of motor vehicles in CKD/Semi Knock Down (SKD) condition increased to $107 million in December 2020 as compared with meagre $2.14 in the same month of the last year.

    The country’s car industry witnessed significant downfall during the last year due economic slowdown and adverse impact of coronavirus.

    The economy during the first half of the last year had witnessed consolidation and shown improvement in early 2020. However, the coronavirus which detected in last months of 2019 in China adversely affected the world as well as domestic economy.

    The car manufacturing in the country has witnessed growth during the first half of the current fiscal year. However, the pace of manufacturing grew at a faster pace in the last months of the first half of the current fiscal year.

    The car production is major component of Large Scale Manufacturing (LSM) as this industry grew by 1.97 percent in November 2020 over the corresponding month of the last year.

    Meanwhile, car sales, as reported by PAMA, increased by 15 percent YoY in December 2020 to 13,870 units.

    The same, including Lucky Motor Corporation (KIA, non-member of PAMA), is up by 20 percent YoY.

  • Country imports mobile phones worth Rs153.6 billion in first half

    Country imports mobile phones worth Rs153.6 billion in first half

    ISLAMABAD: The country has imported mobile phones worth Rs153.6 billion during the first half (July – December) 2020/2021 owing to rising demand for digital transactions in the wake of the covid pandemic.

    The import of mobile phones increased by 59.44 percent during the first half of the current fiscal year.

    The import of mobile phones during the first half of the current fiscal year was Rs153.6 billion as compared with Rs96.33 billion in the corresponding period of the last fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS).

    Market sources said that coronavirus pandemic had limited the physical movement, which had given rise to online transactions. Mobile phones have played a major role in promoting the digital economy.

    Further, the implementation of laws making it mandatory that only verified mobiles through the Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for the import of mobile phones.

    They said that the depreciation of the Pak Rupee had also an impact on the surge of mobile phone imports.

    The import of mobile phones in terms of dollar grew by 52.37 percent to $939 million during the first half of the current fiscal year when compared with $616 million in the same half of the last fiscal year.

  • Trade deficit swells by 6.44 percent in first half

    Trade deficit swells by 6.44 percent in first half

    ISLAMABAD: The country’s trade deficit has widened by 6.44 percent during the first half (July – December) of fiscal year 2020/2021 owing to uptick in imports during past two months.

    According to trade data released by Pakistan Bureau of Statistics (PBS) on Thursday, the trade deficit was recorded at $12.42 billion during July – December of fiscal year 2020/2021 as compared with the deficit of $11.67 billion in the corresponding period of the last fiscal year.

    The exports of the country witnessed a growth of five percent to $12.1 billion during the first half of the current fiscal year as compared with $11.52 billion in the corresponding half of the last fiscal year.

    Similarly, the total import bill of the country registered an increase of 5.72 percent to $24.52 billion during the first half of the current fiscal year as compared with $23.2 billion in the corresponding half of the last fiscal year.

    The trade deficit was widened sharply by 32 percent in December 2020 to $2.68 billion as compared with the deficit of $2.03 billion in the same month of 2019.

    The exports have witnessed 18.31 percent growth to $2.35 billion in December 2020 as compared with $1.99 billion in December 2019.

    Meanwhile, the import bill during December 2020 registered a growth of 25.25 percent to $5.04 billion as compared with $4.02 billion.

  • Headline inflation contracts to 8.63 percent in first half

    Headline inflation contracts to 8.63 percent in first half

    ISLAMABAD: The average headline inflation based on Consumer Price Index (CPI) contracted to 8.63 percent during the first half (July – December) of the current fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday.

    The average inflation during the same half of the last fiscal year was 11.11 percent, it added. Whereas the average inflation was 5.96 percent during the same half of the fiscal year 2018/2019.

    The PBS said that CPI inflation general, increased by8.0 percent on year-on-year basis in December 2020 as compared to an increase of 8.3 percent in the previous month and 12.6 percent in December2019.

    On month-on-month basis, it decreased by 0.7 percent in December 2020 as compared to an increase of 0.8 percent in the previous month and a decrease of 0.3 percent in December 2019

    CPI inflation Urban, increased by 7.0 percent on year-on-year basis in December 2020 as compared to an increase of 7.0 percent in the previous month and 12.0 percent in December 2019.

    On month-on-month basis, it decreased by 0.3 percent in December 2020 as compared to an increase of 0.6 percent in the previous month and a decrease of 0.4 percent in December2019.

    CPI inflation Rural, increased by 9.5 percent on year-on-year basis in December 2020 as compared to an increase of 10.5 percent in the previous month and 13.6 percent in December 2019.

    On month-on-month basis, it decreased by 1.2 percent in December 2020 as compared to an increase of 1.1 percent in the previous month and a decrease of 0.3 percent in December 2019.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 9.1 percent in December 2020 as compared to an increase of 9.9 percent a month earlier and an increase of 18.1 percent in December 2019.

    On MoM basis, it decreased by 2.7 percent in December 2020 as compared to an increase of 1.1 percent a month earlier and a decrease of 2.0 percent in December 2019.

    Wholesale Price Indicator (WPI) inflation on YoY basis increased by 5.7 percent in December 2020 as compared to an increase of 5.0 percent a month earlier and an increase of 12.4 percent in December 2019.

    WPI inflation on MoM basis increased by 0.3 percent in December 2020 as compared to a decrease of 0.9 percent a month earlier and a decrease of 0.3 percent in corresponding month i.e. December 2019.

  • POL Products: import unit price plunges by 46%; retail price up 35% in five months

    POL Products: import unit price plunges by 46%; retail price up 35% in five months

    ISLAMABAD: The unit price of imported POL products fell by 46 percent during first five months (July – November) of the current fiscal year, yet the retail petrol price increased by 35 percent during the period under review.

    According to Pakistan Bureau of Statistics (PBS) the import of POL products fell by 16.51 percent to $1.815 billion during first five months of the current fiscal year as compared with $2.17 billion in the same period of the last fiscal year.

    At one end where import payment for finished petroleum produces fell by 16.51 percent the quantity of same products has increased by 54.42 percent during the period under review.

    The country paid $1.815 billion for the import of 6.08 million metric tons of petroleum products during July – November 2020. However, the payment for POL Products was $2.17 billion for the import of 3.93 million metric tons. Therefore, the unit price came down by 46 percent for the period under review.

    On the other hand, the government increased the price of petrol by 35 percent during the period under review. The per liter petrol was Rs74.52 on July 01, 2020 and it was increased to Rs100.69 per liter up to November 30, 2020.

    It is interestingly to note that the exchange rate during the period also witnessed appreciation in the local currency. The rupee appreciated by 4.47 percent during the period under review. The rupee was at Rs166.89 to the dollar on July 01, 2020 and it appreciated to Rs159.42 to the dollar on November 30, 2020.

  • Pakistan pays Rs119.22 billion for import of mobile phones

    Pakistan pays Rs119.22 billion for import of mobile phones

    ISLAMABAD: Pakistan has paid Rs119.22 billion for import of mobile phones during the first five months (July – November) of 2020/2021 owing to high demand for online financial transactions in the wake of coronavirus.

    According to data released by Pakistan Bureau of Statistics (PBS), the import of mobile phones surged by 53 percent to Rs119.22 billion during the first five months of the current fiscal year as compared with Rs78 billion in the corresponding months of the last fiscal year.

    Industry sources said that the import of mobile phones surged due to the coronavirus pandemic and people opted to make financial transactions through an online system.

    Further, they said the implementation of laws making it mandatory that only verified mobiles through Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for import of mobile phones.

    They said that the depreciation of Pak Rupee had also an impact on the surge of mobile phone imports.

    The import of mobile phones in terms of dollar grew by 45 percent to $724 million during the first five months of the current fiscal year as compared with $498 million in the same period of the last fiscal year.

  • Car import surges by 194 percent in five months

    Car import surges by 194 percent in five months

    ISLAMABAD: The Import of motor cars in Completely Built Unit (CBU) has surged by 194 percent during the first five months (July – November) of the current fiscal year owing to ease in travel restrictions that were imposed due to the coronavirus pandemic.

    According to the Pakistan Bureau of Statistics (PBS), the import of cars increased to $77 million during the first five months of the current fiscal year as compared with $26.13 million in the same period of the last fiscal year.

    As per import policy of Pakistan every person can bring a new motor car by paying prevailing rate of duty and taxes. However, the commercial import of motor cars is not allowed.

    The import of used cars are allowed under various schemes to facilitate Pakistanis living abroad. The overseas Pakistanis can bring motor cars under personal baggage, transfer of resident or gift schemes.

    New vehicles can be imported into Pakistan freely by any one against payment of duty & taxes under generally applicable import procedures and requirements.

    Officials in Pakistan Customs said that Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under the following 03 schemes: Personal Baggage; Gift Scheme; Transfer of Residence.

    Cars not older than 03 years and other vehicles not older than 05 years can be imported under these schemes.

    The structure of duty and taxes under these 03 schemes remains the same. Motorcycles and Scooters can only be imported under Transfer of Residence Scheme.

    Students receiving remittance from Pakistan, non-earning members of the Pakistani nationals living abroad and those who have imported, gifted or received a vehicle in the past two years are not eligible.

    The customs authorities said that all vehicles in new/used condition to be imported under transfer of residence, personal baggage or under gift scheme, the duty and taxes shall be paid out of foreign exchange arranged by Pakistan nationals themselves or local recipient supported by bank enchashment certificate showing conversion of foreign remittance to local currency, as under:

    a. the remittance for payment of duty and taxes shall originate from the account of Pakistani national sending the vehicle from abroad; and

    b. the remittance shall either be received in account of Pakistani national sending the vehicle from abroad or, in case, his account is non-existent or inoperative, in the account of his family.

  • Pakistan’s knitwear export jumps up by 14.34 percent in five months

    Pakistan’s knitwear export jumps up by 14.34 percent in five months

    KARACHI: Pakistan’s knitwear export has jumped up by 14.34 percent to $1.51 billion during the first five months (July – November) of the current fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

    The export of knitwear was at $1.32 billion during the same period of the last fiscal year.

    The total export of textile products posted five percent growth to $6.04 billion during the first five months of the current fiscal year as compared with $5.76 billion in the corresponding months of the last fiscal year.

    The export of knitwear remained the largest component contributing around 25 percent of the total textile export.

    In terms of value, export of readymade garments was the second largest component of textile export. The export of readymade garments posted 4.36 percent growth to $1.2 billion during July – November 2020/2021 as compared with $1.15 billion in the corresponding period of the last fiscal year.

    The export of bedwear registered 12.28 percent increase to $1.138 billion during the first five months of the current fiscal year as compared with $1.01 billion in the same period of the last fiscal year.

    The export of cotton cloth fell by 8.73 percent to $773.17 million during July – November 2020/2021 as compared with $847 million in the corresponding period of the last fiscal year.

    Similarly, the export of cotton yarn fell by 37.34 percent to $304.55 million during the period under review as compared with $486 million in the same period of the last fiscal year.

  • Pakistan’s exports grow by 2.11 percent in five months

    Pakistan’s exports grow by 2.11 percent in five months

    ISLAMABAD: Pakistan’s exports have shown resilience amidst global economic challenges, recording a 2.11% increase to $9.737 billion in the first five months (July – November) of the current fiscal year 2020/2021, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.

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  • Headline inflation contracts at 8.3 percent in November

    Headline inflation contracts at 8.3 percent in November

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) in Pakistan witnessed a contraction of 8.3 percent on a Year-on-Year (YoY) basis in November 2020, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.

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