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Tag: Pakistan Bureau of Statistics

  • Pakistan exports textile products worth $11.35bn in nine months

    Pakistan exports textile products worth $11.35bn in nine months

    KARACHI: Pakistan has exported textile products worth $11.35 billion during first nine months (July – March) 2020/2021, showing 9 percent growth, according to data released by Pakistan Bureau of Statistics (PBS) on Saturday.

    The exports of textile products during the first nine months of the last fiscal year were at $10.41 billion, the PBS reported.

    In terms of volume the export of knitwear was on the top in textile exports. The country exported knitwear products worth $2.78 billion during first nine months of the current fiscal year as compared with $2.29 billion in the corresponding months of the last fiscal year, showing a growth of 21 percent.

    The export of readymade garments was recorded at $2.27 billion during July – March 2020/2021 as compared with $2.17 billion in the corresponding period of the last fiscal year.

    The export of bedwear recorded 16.5 percent growth to $2.05 billion during first nine months of the current fiscal year as compared with $1.76 billion in the corresponding period of the last fiscal year.

    The export of textile products in the month of March 2021 recorded 30 percent growth to $1.35 billion when compared with $1.04 billion in the same month of the last year.

  • Import bill sharply grows by 70pc in March

    Import bill sharply grows by 70pc in March

    ISLAMABAD: The import bill has recorded an unprecedented growth of 70 percent in March 2021 as compared with the same month of the last year, according to data released by Pakistan Bureau of Statistics (PBS).

    The country spent $5.63 billion on the imports during March 2021 as compared with $3.31 billion in the same month of the last year.

    Experts attributed the phenomenal rise in import bill during March 2021 due to significant decline in foreign trade in the same month of the last year because of restrictions imposed after coronavirus spread.

    In March 2020 the government put a complete lockdown throughout the country in order to prevent spread of COVID-19.

    Similarly in the month of March 2021, the exports recorded a sharp increase of 30.44 percent to $2.36 billion as compared with $1.81 billion in the same month of the last year.

    Pakistan’s trade deficit has widened by 20 percent in first nine months (July – March) 2020/2021 owing to surge in import bill after ease in coronavirus related restrictions.

    The trade deficit ballooned to $20.83 billion during first nine months of the current fiscal year as compared with $17.35 billion in the corresponding period of the last fiscal year.

    The import bill for the period of July – March 2020/2021 increased to $39.51 billion as compared with $34.79 billion in the corresponding period of the last fiscal year, showing a rise of 13.57 percent.

    On the other hand exports also increased by 7.12 percent to $18.68 billion during the first nine months of the current fiscal year as compared with $17.44 billion in the corresponding period of the last fiscal year.

  • Headline inflation increases by 9.1 percent in March

    Headline inflation increases by 9.1 percent in March

    ISLAMABAD: Headline inflation based on Consumer Price Index (CPI) has increased by 9.1 percent on year on year basis in March 2021 as compared to an increase of 8.7 percent in February 2021 and 10.2 percent in March 2020, Pakistan Bureau of Statistics (PBS) said on Thursday.

    On month-on-month basis, it increased by 0.4 percent in March 2021 as compared to an increase of 1.8 percent in the previous month and an increase of 0.02 percent in March 2020.

    CPI inflation Urban, increased by 8.7 percent on year-on-year basis in March 2021 as compared to an increase of 8.6 percent in the previous month and 9.3 percent in March 2020.

    On month-on-month basis, it increased by 0.3 percent in March 2021 as compared to an increase of 2.3 percent in the previous month and an increase of 0.1 percent in March 2020.

    CPI inflation Rural, increased by 9.5 percent on year-on-year basis in March 2021 as compared to an increase of 8.8 percent in the previous month and 11.7 percent in March 2020.

    On month-on-month basis, it increased by 0.5 percent in March 2021 as compared to an increase of 1.1 percent in the previous month and a decrease of 0.1 percent in March 2020.

    Sensitive Price Indicator (SPI) based inflation on YoY increased by 18.7 percent in March 2021 as compared to an increase of 11.9 percent a month earlier and an increase of 11.8 percent in March 2020.

    On MoM basis, it increased by 5.7 percent in March 2021 as compared to an increase of 3.1 percent a month earlier and a decrease of 0.3 percent in March 2020.

    Wholesale Price Index (WPI) based inflation on YoY basis increased by 14.6 percent in March 2021 as compared to an increase of 9.5 percent a month earlier and an increase of 9.3 percent in March 2020.

    WPI inflation on MoM basis increased by 3.7 percent in March 2021 as compared to an increase of 2.2 percent a month earlier and a decrease of 0.9 percent in corresponding month i.e. March 2020.

  • Pakistan imports mobile phones worth $1.31 billion in eight months

    Pakistan imports mobile phones worth $1.31 billion in eight months

    ISLAMABAD: Pakistan has imported mobile phones worth $1.31 billion during first eight months of the current fiscal year owing to rise in demand of such devices for digital financial system.

    According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday the import of mobile phones worth $1.311 billion during July – February 2020/2021 as compared with $865 million in the corresponding period of the last fiscal year.

    The strong value of the dollar during the period forced higher import payment in terms of the Pak Rupee. The import of mobile phones in terms of rupee surged by 58 percent to Rs213 billion during first eight months of the current fiscal year as compared with $134.8 billion in the corresponding period of the last fiscal year.

    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.

  • Trade deficit widens by 24pc in February

    Trade deficit widens by 24pc in February

    ISLAMABAD: The trade deficit has been widened by 24 percent Year on Year (YoY) in February 2021 owing to increase in imports and decline in exports, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

    The import bill for the month of February 2021 increased to $4.56 billion as compared with $4.16 billion in the corresponding month of the last year, showing an increase of 9.55 percent.

    However, the exports fell by 4.12 percent to $2.05 billion in February 2021 when compared with $2.13 billion in the same month of the last year.

    The trade deficit widened by 10.64 percent to $17.536 billion in first eight months (July – February) 2020/2021 when compared with the deficit of $15.85 billion in the corresponding months of the last fiscal year.

    The imports posted 7.49 percent growth to $33.84 billion during first eight months of the current fiscal year as compared with $31.48 billion in the corresponding months of the last fiscal year.

    The exports registered an increase of 4.29 percent to $16.3 billion during July – February 2020/2021 as compared with $15.63 billion in the corresponding period of the last fiscal year.

  • Headline inflation increases by 8.7pc in February

    Headline inflation increases by 8.7pc in February

    ISLAMABAD: The headline inflation i.e. Consumer Price Index (CPI) increased by 8.7 percent in February 2021 on year on year basis, Pakistan Bureau of Statistics (PBS) said on Monday.

    CPI inflation General, increased by 8.7 percent on year-on-year basis in February 2021 as compared to an increase of 5.7 percent in the previous month and 12.4 percent in February 2020.

    On month-on-month basis, it increased by 1.8 percent in February 2021 as compared to a decrease of 0.2 percent in the previous month and a decrease of 1.0 percent in February 2020.

    CPI inflation Urban, increased by 8.6 percent on year-on-year basis in February 2021 as compared to an increase of 5.0 percent in the previous month and 11.2 percent in February 2020.

    On month-on-month basis, it decreased by 2.3 percent in February 2021 as compared to a decrease of 0.2 percent in the previous month and a decrease of 1.1 percent in February 2020.

    CPI inflation Rural, increased by 8.8 percent on year-on-year basis in February 2021 as compared to an increase of 6.6 percent in the previous month and 14.2 percent in February 2020. On month-on-month basis, it increased by 1.1 percent in February 2021 as compared to a decrease of 0.3 percent in the previous month and a decrease of 1.0 percent in February 2020.

    The Sensitive Price Indicatory (SPI) inflation on YoY increased by 11.9 percent in February 2021 as compared to an increase of 7.7 percent a month earlier and an increase of 14.5 percent in February 2020. On MoM basis, it increased by 3.1 percent in February 2021 as compared to a decrease of 0.8 percent a month earlier and a decrease of 0.8 percent in February 2020.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 9.5 percent in February 2021 as compared to an increase of 6.4 percent a month earlier and an increase of 12.7 percent in February 2020. WPI inflation on MoM basis increased by 2.2 percent in February 2021 as compared to an increase of 2.5 percent a month earlier and a decrease of 0.7 percent in corresponding month i.e. February 2020.

  • Car import jumps up by 166 percent in seven months

    Car import jumps up by 166 percent in seven months

    ISLAMABAD: The import of used and old cars recorded a growth of 166 percent during first seven months (July – January) of 2020/2021 owing to significant decline in coronavirus cases and relaxation in economic activities by easing COVID lockdown.

    According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday, the import payment for used and old cars surged to $116 million during first seven months of the current fiscal year as compared with $43.64 million in the corresponding months of the last fiscal year.

    Sources in Pakistan Customs attributed the growth in imported cars to ease in travel restriction following decline in coronavirus cases across the world and start of vaccination to cure the pandemic.

    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 is 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 spends Rs185 billion for mobile phones import in July – January

    Pakistan spends Rs185 billion for mobile phones import in July – January

    ISLAMABAD: Pakistan has expended a substantial amount of Rs185 billion on the import of mobile phones during the first seven months (July – January) of the fiscal year 2020/2021, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.

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  • Pakistan’s trade deficit widens by 8.27 percent to $14.96 billion in July – January

    Pakistan’s trade deficit widens by 8.27 percent to $14.96 billion in July – January

    ISLAMABAD: Pakistan’s trade deficit has surged by 8.27 percent to $14.96 billion during the first seven months (July – January) of the 2020/2021 fiscal year, propelled by an uptick in import bills following improved economic activities.

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  • Headline inflation grows by 5.7 percent in January

    Headline inflation grows by 5.7 percent in January

    ISLAMBAD: The headline inflation based on Consumer Price Index (CPI) has increased by 5.7 percent in the month of January 2021, according to data released by Pakistan Bureau of Statistics (PBS).

    The headline inflation in January 2021 was increased when compared to an increase of 8.0 percent in the previous month and 14.6 percent in January 2020.

    On month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.7 percent in the previous month and an increase of 2.0 percent in January 2020.

    CPI inflation Urban, increased by 5.0 percent on year-on-year basis in January 2021 as compared to an increase of 7.0 percent in the previous month and 13.4 percent in January 2020. On month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.3 percent in the previous month and an increase of 1.7 percent in January 2020.

    CPI inflation Rural, increased by 6.6 percent on year-on-year basis in January 2021 as compared to an increase of 9.5 percent in the previous month and 16.3 percent in January 2020. On month-on-month basis, it decreased by 0.3 percent in January 2021 as compared to a decrease of 1.2 percent in the previous month and an increase of 2.4 percent in January 2020.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 7.7 percent in January 2021 as compared to an increase of 9.1 percent a month earlier and an increase of 18.3 percent in January 2020. On MoM basis, it decreased by 0.8 percent in January 2021 as compared to a decrease of 2.7 percent a month earlier and an increase of 0.5 percent in January 2020.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 6.4 percent in January 2021 as compared to an increase of 5.7 percent a month earlier and an increase of 15.4 percent in January 2020. WPI inflation on MoM basis increased by 2.5 percent in January 2021 as compared to an increase of 0.3 percent a month earlier and an increase of 1.8 percent in corresponding month i.e. January 2020.