Pakistan spends more than $436m on tea imports in 8 months in the midst of monetary difficulties - News advertisement

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Tuesday, March 26, 2024

Pakistan spends more than $436m on tea imports in 8 months in the midst of monetary difficulties

 March 26, 2024



ISLAMABAD: In the midst of extreme monetary emergency, tea brings into the country during initial 8 months of current monetary year became by 10.13% when contrasted with the complete worth of the relating time of a year ago.


During the period from July-February 2023-24 around 180,509 metric lots of tea esteemed at $436.677 million were imported as against the imports of 161,056 metric tons costing $395.489 million of a similar time of last year, as per the information of the Pakistan Department of Measurements (PBS).


On month to month premise, the tea brings into the nation developed by 38.53% as 18,685 metric lots of tea esteemed at $45.269 million was consumed when contrasted with the utilization of 15,365 metric tons costing $32.678 million around the same time of the last year.


Nonetheless, the imports of eatable oil including soyabean and palm into the country during the period under survey diminished by 48.10% and 32.47% separately when contrasted with the imports of a similar time of the last year.


Palm oil brings into the nation went down from $2.681 billion to $1.810 billion as over 1.959 million metric lots of palm oil were imported when contrasted with the imports of 1.115 million metric lots of a similar period last year.


In the interim, around 97,455 metric lots of soyabean oil esteemed at $105.664 million were imported when contrasted with the imports of 140,120 metric tons costing $203.578 million, showing negative development of 48.10%.


Nonetheless, on the month on month premise, the imports of soyabean oil expanded by 35.34%, and palm oil 5,505 metric lots of above previously mentioned product esteemed at $5.674 million were imported when contrasted with the imports of 3,250 metric tons costing $4.192 million of that very month of the year before.


In February 2024 north of 224,074 metric lots of palm oil esteemed at $199.078 million were likewise imported as against the imports of 223,296 metric tons esteeming $234.568 million in a similar time of the year before.


It is worth focusing on here that the nutrition type trades from the country during the initial eight months of the ongoing monetary year became by 54.05% when contrasted with the products of the relating time of a year ago.


During the period from July-February, 2023-24, unique food wares worth $4.969 billion were sent out when contrasted with the products of 3.225 billion in a similar time of the earlier year.


In the mean time, the imports of food wares into the country during the initial eight months of the ongoing monetary year diminished by 18.33% as against the imports of the relating time of the year before.


The imports of food wares during the period under survey descended from $6.687 billion to $5.461 billion.

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