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Pakistan food imports increase 5.43 percent

Food imports in Pakistan have seen a 5.43 percent increase in the first five months of the current fiscal year when compared to the same period of last year. The food imports into the country during July-November (2016- 17) were recorded at $2.340 billion compared to the imports of $2.219 billion during July-November (2015-16), according to the latest data of Pakistan Bureau of Statistics (PBS).

The import of dry fruits and nuts increased from $54.883 million to $69.179 million this year, showing an increase of 26.05 percent while the import of pulses (leguminous vegetables) increased by 32.18 percent by going up from $218.351 million to $288.607 million.

On a year-on-year basis, the food imports into the country increased by 7.88 percent during the month of November 2016 compared to November 2015. The food imports during November 2016 were recorded at $511.346 million as compared to the imports of $474.004 million in November 2015, the data revealed.

On the other hand, the exports from the country witnessed negative growth of 3.93 percent by falling from $8.524 million last year to $8.189 million this year.

source: brecorder.com
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