Page 26 - August-September-2018

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Rs25.7bn paid by the

Government to textile sector

under PM trade package

According to the Ministry of Commerce and Textile, the textile sector has been paid Rs25.5 billion in
the first phase under the prime minister’s trade enhancement package. In first two months during
Phase II from 1st July to 7th August, the textile sector was disbursed 2.6 billion rupees.

In a report the Ministry of Commerce and Textile had assured payments through Prime Minister “Trade
Enhancement Package” to the textile sector by February 2019 to enhance the country’s exports.

Furthermore, The Ministry of Commerce and Textile had assured payments through Prime Minister’s
Trade Enhancement Package to the textile sector by February 2019 to enhance the country’s exports.

The report further stated that the government had planned to expand coverage areas under the Trade
Enhancement Package” to remaining industrial sectors including pharmaceuticals.

Pakistan’s trade deficit

declines by 1.25pc in first

two months of 2018-19

In July-August 2018-19, Pakistan’s trade deficit has decreased by 1.25pc to $6.167 billion compared
to the trade deficit of same period last year of $6.245 billion. The deficit has decreased mainly
because of an increase in exports and less imports.

According to the Pakistan Bureau of Statistics report, during the first two months the exports have
shown an increase of 5.05pc valued at $3.663 billion from $3.487 billion. Similarly, the imports also
increased by 1.01 percent as it rose from $9.7 billion in July-August (2017-18) to $9.83 billion in same
period of this year.

On yearly basis, the exports witnessed a sharp increase of 8.44 percent to $2.017 billion in August
2018 against the exports of $1.86 billion during August 2017. Similarly, the imports witnessed a
nominal increase of 1.4 percent as the imports rose to $4.99 billion from $4.92 billion in August 2017.

The trade deficit on yearly basis also fell by 2.87 percent to $2.97 billion in August this year from $3.06
billion in same month of last year.

August/September 2018