Meat exports surge by 17pc in 3 quarters

Islamabad—The exports of meat and meat preparations increased by 16.76 percent during the first three quarters of the current fiscal year compared to the corresponding period of last year. The exports of meat and meat preparation were recorded at $212.788 million during July-March (2015-16) compared to the exports of 182.248 during July-March (2014-15), according to Pakistan Bureau of Statistics (PBS).
However, on year-on-year basis, the meat exports from the country decreased by 4.29 percent in March 2016 compared to the same month of last year. The meat exports in March 2016 were recorded at $24.435 million compared to the exports of $25.529 million. On month-in-month basis, the exports of meat and meat preparations declined by 23.66 percent in March 2016 when compared to the exports of $32.010 million in February 2016, the PBS data revealed. Meanwhile, the overall food exports from the country during the first three quarters of current fiscal year (2015-16) decreased by 11.59 percent by falling from the trade of $3.439 last year to $1.375 billion.
It is pertinent to mention here that the overall imports into the country declined by 4.22 percent during the period compared to the corresponding period of last year. Imports into the country during July-March (2015-16) were recorded at $32.515 billion, compared to the imports of $33.948 billion during July-March (2014-15), according to the data of Pakistan Bureau of Statistics (PBS) released here on Tuesday. The exports from the country also witnessed negative growth of 12.92 percent by falling from $17.921 billion last year to $15.606 billion during the current year.—APP

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