Pakistan’s imports including major kitchen items like cooking oil and sugar have continued to increase ahead the fasting month of Ramazan, while exports led by textiles sector have dropped in February. Imports of petroleum products, which costs around one-fifth of the total imports, dropped 27% to $805 million in February. The overall exports and standalone exports of textiles both, however, decreased around 3% each in February compared to the same month of last year. Historically, in the last six years, textile exports in February have fallen in the range of 1-10% (except for Feb 2020),” Topline Research said in a brief commentary. Pakistan’s textile exports declined 3% and clocked-in at $1.23 billion “mainly due to 11.6% decline in volumetric sales,” it said.

Source: The Express Tribune March 17, 2021 03:04 UTC