Friday, October 26, 2012

PAKISTAN: Cement export during first quarter posts 42.35 percent growth

The cement export from the country during the first quarter of current financial year registered growth of 42.35 percent as compared to the same period of last year.

According the data of Pakistan Bureau of Statistics (PBS), the export of cement increased in dollar terms while the quantum export remain on down track.

During the period from July-September 2012, about 1,899,791 metric tons cement worth US$ 146.321 million exported which was up by 42.35 percent as compared to the same period of last year.

Meanwhile. the export of cement during the first quarter of last financial year was recorded at 2,158,429 metric tons worth US$ 112.033 million, the data revealed.

However, other commodities including gems, jewellary, furniture, molasses and handicraft remained on green track and posted positive growth respectively during the period under review.

The data revealed that gems export increased by 69.64 percent, Jewellary by 383.64 percent and furniture export by 1.92 percent respectively during the first quarter of current financial year.

The country exported about 4 metric tons of gems worth US$ 1.05 million and jewellary of US$ 740.4 million by the end of first quarter of financial year 2012-13 as compared to the same period of last year.

During the period from July-September 2012, furniture valuing US$ 1.683 million exported as compared with the export of US$ 1.80 million of same period last financial year, it added.

During the first quarter, country earned US$ 0.138 million by exporting about 2,323 metric tons of molasses which was recorded at 2,025 metric tons of US$ 0.247 million, the data revealed.

The export of gur and gur products increased by 86.93 percent in first three months as about 8,400 metric ton gur and its products valuing US$ 37.56 million exported as compared to the 7,937 metric tons worth US$ 21.89 million during the same period of last financial year, it added.

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