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Tag: PBS

  • Pakistan exports goods worth $7.55 billion in four months

    Pakistan exports goods worth $7.55 billion in four months

    ISLAMABAD: Pakistan has exported goods worth $7.55 billion during the first four months (July – October) 2020/2021 as compared with $7.52 billion in the corresponding period of the last fiscal year, showing nominal increase of 0.33 percent, according to data released by Pakistan Bureau of Statistics (PBS) released on Wednesday.

    On the other hand, imports fell by 0.79 percent to $15.13 billion during the first four months of the current fiscal year as compared with $15.25 billion in the corresponding months of the last fiscal year.

    The trade deficit also contracted by 1.88 percent to $7.57 billion during the period under review as compared with the trade deficit of $7.72 billion in the same period of the last year.

    The exports during the month of October 2020 increased by 3.07 percent to $2.08 billion as compared with $2.02 billion in the same month of the last year.

    Imports for the month fell by 5.73 percent to $3.82 billion as compared with $4.05 billion in the same month of the last year.

    The trade deficit reduced by 14.46 percent to $1.74 billion in October 2020 as compared with a trade deficit of $2.03 billion in the same month of the last year.

  • Headline inflation contracts at 8.9 percent in October

    Headline inflation contracts at 8.9 percent in October

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has contracted by 8.9 percent on year-on-year basis in October 2020 as compared to an increase of 9.0 percent in the previous month and 11.0 percent in October 2019.

    On month-on-month basis, it increased by 1.7 percent in October 2020 as compared to an increase of 1.5 percent in the previous month and an increase of 1.8 percent in October 2019, Pakistan Bureau of Statistics (PBS) said on Monday.

    CPI inflation Urban, increased by 7.3 percent on year-on-year basis in October 2020 as compared to an increase of 7.7 percent in the previous month and 10.9 percent in October 2019. On month-on-month basis, it increased by 1.3 percent in October 2020 as compared to an increase of 1.3 percent in the previous month and an increase of 1.6 percent in October 2019.

    CPI inflation Rural, increased by 11.3  percent on year-on-year basis in October 2020 as compared to an increase of 11.1 percent in the previous month and 11.3 percent in October 2019. On month-on-month basis, it increased by 2.4  percent in October 2020 as compared to an increase of 2.0 percent in the previous month and an increase of 2.2 percent in October 2019.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 12.3 percent in October 2020 as compared to an increase of 12.0 percent a month earlier and an increase of 15.1 percent in October 2019. On MoM basis, it increased by 3.0 percent in October 2020 as compared to an increase of 2.1 percent a month earlier and an increase of 2.7 percent in October 2019.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 5.1 percent in October 2020 as compared to an increase of 4.3 percent a month earlier and an increase of 13.3 percent in October 2019. WPI inflation on MoM basis increased by 2.9 percent in October 2020 as compared to a decrease of 1.0 percent a month earlier and an increase of 2.0 percent in corresponding month (October 2019) of last year.

  • Mobile phone imports jump up 94 percent in July – September

    Mobile phone imports jump up 94 percent in July – September

    Pakistan’s mobile phone imports witnessed a significant surge of 94 percent during the first quarter (July–September) of the fiscal year 2020/2021, according to figures released by the Pakistan Bureau of Statistics (PBS) on Saturday. The country imported mobile phones worth Rs82 billion in this period, a sharp rise from the Rs42 billion recorded in the same quarter of the previous fiscal year.

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  • Car import climbs up by 167 percent in first quarter

    Car import climbs up by 167 percent in first quarter

    ISLAMABAD: The import of motor cars has surged by 167 percent during first quarter of current fiscal year owing to after ease in coronavirus lockdown globally.

    The import of Completely Built Units (CBU) motor cars increased to $39.15 million during July – September 2020 as compared with $14.69 million in the same period of the last fiscal year, Pakistan Bureau of Statistics (PBS) said on Saturday.

    Industry experts said that as coronavirus lockdown eased in Pakistan as well as in other countries the overseas Pakistanis cleared the motor vehicles under various schemes granted by the government.

    The commercial import of motor cars is not allowed in Pakistan. However, Pakistanis are allowed to bring motor vehicles under schemes including transfer of residence, gift scheme and personal baggage.

    In the past these scheme were grossly misused and the government while taking strict action imposed restriction that clearance of motor vehicles would only be allowed on payment of duty and taxes out of those amount which was remitted into Pakistan with evidence of banking channels.

  • SPI inflation rises by 11.28 percent YoY basis

    SPI inflation rises by 11.28 percent YoY basis

    ISLAMABAD: The inflation based on sensitive price indicator (SPI) has increased by 11.28 percent Year on Year by week ended October 08, 2020, Pakistan Bureau of Statistics (PBS) said on Friday.

    The PBS computes SPI on weekly basis to assess the price movements of essential commodities at shorter interval of time so as to review the price situation in the country.

    The SPI comprises of 51 essential items and the prices are being collected from 50 markets in 17 cities of the country.

    The SPI for the week under review over corresponding week October 10, 2019 has shown 11.28 percent increase

    The YoY increase in prices of essential items is as: tomatoes 117 percent; chilies powder 86.31 percent, potatoes 64.75 percent, pulse moong 41.13 percent, eggs 40.82 percent, pulse mash 34.66 percent, sugar 32.08 percent, pulse masoor 25.72 percent, bread plain 19.41 percent, gur (raw sugar) 19.34 percent, wheat flour bag 18.32 percent, vegetable ghee 1kg pouch 17.43 percent, mustart oil 16.32 percent.

    The YoY price increase of non-food items is: sufi washing soap 250 grams 17.49 percent match box 17.07 percent.

    The items which registered decline in price YoY basis are: garlic 9.91 percent, onions 1.50 percent, hi-speed diesel 18.03 percent, LPG 11.67kg cylinder 13.53 percent, petrol super 8.11 percent.

    The SPI has been increased by 1.24 percent by week ended October 08, 2020 over previous week October 01, 2020.

    The prices of following items increased on WoW basis: tomatoes 16.39 percent, onions 12.78 percent, eggs 10.78 percent, chicken 5.34 percent, wheat flour bag 2.78 percent, potatoes 2.64 percent, pulse masoor 1.21 percent, sugar 1.03 percent.

    Prices of essential items that registered decline on WoW basis are: Bananas 2.17 percent, pulse moong 0.4 percent, pulse mash 0.13 percent, gur (raw sugar) 0.04 percent.

  • Trade deficit increases by 2 percent in first quarter

    Trade deficit increases by 2 percent in first quarter

    Pakistan’s trade deficit has expanded by 2 percent in the first quarter (July – September) of the fiscal year 2020/2021, primarily driven by a notable increase in the import bill.

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  • Headline inflation increases by 9 percent in September

    Headline inflation increases by 9 percent in September

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 9.0 percent on year-on-year basis in September 2020 as compared to an increase of 8.2 percent in the previous month and 11.4 percent in September 2019, Pakistan Bureau of Statistics (PBS) said on Friday.

    On month-on-month basis, it increased by 1.5 percent in September 2020 as compared to an increase of 0.6 percent in the previous month and an increase of 0.8 percent in September 2019.

    CPI inflation Urban, increased by 7.7 percent on year-on-year basis in September 2020 as compared to an increase of 7.1 percent in the previous month and 11.6 percent in September 2019. On month-on-month basis, it increased by 1.3 percent in September 2020 as compared to an increase of 0.8 percent in the previous month and an increase of 0.7 percent in September 2019.

    CPI inflation Rural, increased by 11.1  percent on year-on-year basis in September 2020 as compared to an increase of 9.9 percent in the previous month and 11.1 percent in September 2019. On month-on-month basis, it increased by 2.0  percent in September 2020 as compared to an increase of 0.4 percent in the previous month and an increase of 0.8 percent in September 2019.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 12.0 percent in September 2020 as compared to an increase of 11.7 percent a month earlier and an increase of 14.7 percent in September 2019. On MoM basis, it increased by 2.1 percent in September 2020 as compared to an increase of 0.9 percent a month earlier and an increase of 1.9 percent in September 2019.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 4.3 percent in September 2020 as compared to an increase of 3.3 percent a month earlier and an increase of 15.9 percent in September 2019. WPI inflation on MoM basis increased by 1.0 percent in September 2020 as compared to a decrease of 1.3 percent a month earlier and an increase of 0.1 percent in corresponding month of last year i.e. September 2019.

  • Mobile phones worth Rs51.24 billion imported in July – August

    Mobile phones worth Rs51.24 billion imported in July – August

    KARACHI: The country has imported mobile phones worth Rs51.24 billion during first two months of current fiscal year due to rising digital services in the wake of coronavirus pandemic.

    The import of mobile phone grew by 98 percent to Rs51.24 billion during July – August 2020 as compared with Rs25.9 billion in the same period of the last year.

    Industry sources said that demand of mobile phones grew significantly during the lockdown for various purposes including financial services.

    The import of mobile phones was Rs32.45 billion August 2020 as compared with Rs13.47 billion in the same month of the last year, showing 97 percent growth.

    The import of mobile phone in terms of US dollar also registered 87.37 percent increase to $306.38 million during first two months of current fiscal year as compared with $163.52 million in the corresponding months of the last fiscal year.

  • Textile exports fall to $2.28bn in July-August

    Textile exports fall to $2.28bn in July-August

    KARACHI: Textile exports have fallen by one percent to $2.28 billion during first two months of current fiscal year as compared with $2.3 billion in the corresponding period of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS).

    Major component of textile exports have witnessed growth during the period.

    The export of knitwear grew by 4.43 percent to $564.29 million during July – August 2020 of the current fiscal year as compared with $540 million in the corresponding period of the last fiscal year.

    The export of bed wear increased by 6 percent to $424.18 million during first two months of the current fiscal year as compared with $400.44 million in the same month of the last year.

    The export of readymade garments grew by 2 percent to $477 million during July – August 2020 as compared with $467 million in the same period of the last fiscal year.

  • Trade deficit narrows by 8.32 percent in July – August

    Trade deficit narrows by 8.32 percent in July – August

    ISLAMABAD: The trade deficit of the country has narrowed by 8.32 percent in the first two months of the current fiscal year owing to decline in import bill during the period under review.

    According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, the trade deficit narrowed to $3.38 billion during July – August of 2020 as compared with $3.69 billion in the same period of the last year.

    The import bill of the country has declined by 6.28 percent to $6.96 billion during the first two months of the current fiscal year as compared with $7.43 billion in the same months of the last fiscal year.

    However, exports have also declined by 4.27 percent to $3.58 billion during the period under review as compared with $3.74 billion in July – August of 2019.

    The torrential rains and urban flooding during the last few days of August 2020 has adversely affected the supply chain, which affected the exports of the country.

    Due to this reason the exports fell by 21 percent to $1.58 billion in August 2020 when compared with $2 billion in previous month.

    In the month under review the imports have also fell by 11 percent to $3.28 billion as against $3.68 billion in July 2020.

    Meanwhile, the exports fell by 15 percent to $1.58 billion in August 2020 when compared with $1.85 billion in August 2019. On the other hand the imports fell by 12 percent to $3.28 billion as compared with $3.72 billion in August 2019.