Pakistan's exports grow by 31.47%

[junaid001]

@Aalsi

Mashallah. God Bless Sher-e-Pakistan Great Zardari - the President, and PPP let coalition for this great news during the global economic crunch. May the success continue. Ameen. Does anyone have a breakdown of the sectors that have shown the greatest growth?

Pakistan’s exports grow by 31.47%_English_Xinhua

Pakistan’s exports grow by 31.47%

ISLAMABAD, March 21 (Xinhua) – Pakistan’s exports during the first eight months of the current financial year witnessed an increase of 31.47 percent, in terms of rupees, as against the exports of the corresponding period of the last financial year, the official Associated Press of Pakistan reported on Saturday.

Exports from July in 2008 to February in 2009 totaled Rs.937,994 million (around 11.72 billion U.S. dollars) as against Rs.713,443 million (around 8.92 billion U.S. dollars) during the same period in last fiscal year, according to provisional figures provided by Federal Bureau of Statistics.

Imports during the first eight months of the current fiscal year totaled  Rs. 1,833,237 million (around 22.92 billion U.S. dollars) as against Rs.  1,478,618 million (around 18.48 billion U.S. dollars) during the corresponding  period of last year, showing an increase of 23.98 percent.

in terms of rupees so it would mean it has decreased if you see the dollar figure, as exports are measured by foreign currency inflows not local currency.

last year 1 US$=60
today 1 US$ = 80.5

just another financial twist, in my opinion it should have increased in real terms US$ as rupee has weakened and it is an opportunity for exporters as price of a product in $ has decreased.

decrease in imports in understandable as price of imported good has increased form 30-40% so it means lesser demand.