Jewellary Exports Up By 29% In FY16

ISLAMABAD, (UrduPoint / Pakistan Point News - 1st August, 2016) : The Jewellary exports from the country increased by 28.78 percent during the fiscal year 2015-16 compared to the corresponding period of last year. The overall exports of jewellary from the country during July- June (2015-16) were recorded at $8.492 million compared to the exports of $6.594 million in July-June (2014-15), according to Pakistan Bureau of Statistics (PBS). Meanwhile, on year-on-year basis, the jewellary exports increased by $183.55 million in June 2016 compared to the exports of June 2015. The Jewellary exports during June 2016 were recorded at $1.310 million in June 2016 compared to the exports of $0.462 million in June 2015. On month-on-month basis, the exports of jewellary increased by 18.23 percent in June 2016 when compared to the exports of $1.108 million in May 2016, the PBS data revealed.

Meanwhile, the gem exports from the country declined by 49.72 percent during the fiscal year 2015-16 by going down from $7.846 million last year to $3.944 million during the current year. On year-on-year basis, the exports of gems, however decreased by 30.83 percent in June 2016 to $0.249 million compared to the exports of $0.360 million.

While as compared to the exports of $0.487 million in May 2016, the exports of gems in June decreased by 48.87 percent. It is pertinent to mention here that the overall mercantile exports from the country declined by 12.11 percent during the year 2015-16 as compared to same period of previous year. The country's exports went down from $23.667 billion in July-June (2014-15) to $20.802 billion during corresponding period of the year 2015-16.