Tea imports reduces 9.13% in last fiscal year.

Business Jul, 24 2023
Tea imports reduces 9.13% in last fiscal year.
  • 219
  • 0

ISLAMABAD: Tea imports into the country during financial year ended on June 30, 2023 reduced by 9.13 percent as compared the imports of the corresponding period of last year. During the period from June-July, 2022-23 about 231,449 metric tons of tea costing $556.043 million were imported as against the imports of 253,748 metric tons valuing $626.195 million of same period last year, according the data of Pakistan Bureau of Statistics.

 

Meanwhile, imports of sugar decreased by 97.06 percent during 12 months of last fiscal year as 6,205 metric tons of sugar valuing $0.0546 million million imported as compared the imports of 312,477 metric tons costing $191.720 million of same period last year. In last fiscal year spices imports into the country also decreased by 30.04 percent as 147,193 metric tons of different spices worth of $151.240 million were imported during the period under review as compared the imports of 138,413 metric tons valuing $216.183 million of same period last year.

 

It is worth mentioning here that food group imports into the country during the period under review decreased by 0.88 percent as compared to the imports of the corresponding period of last year. During the period from July-June, 2022-23, the country spent $8.936 billion on the import of different food commodities as compared to the imports of $9.016 billion in the same period last year in order to fulfill the local requirements. On the other hand the exports of food commodities from the country decreased by 7.25 percent as it was recorded at $5.0222 billion as against the exports of $5.415 billion of the corresponding period of last year.

NC Big Stories

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

Federal Ombudsman chairs 'open court' in District Central

KARACHI: An open court was held at the Deputy Commissioner's Office, Central Karachi, under the chairmanship of Federal Ombudsman Syed Anwar Haider. Deputy Commissioner Central Taha Saleem, Additional Deputy Commissioners Asim Siddiqui and Dr. Saira...

Hina Bayat discusses rising divorce rates

Hina Bayat Khawaja is one of Pakistan’s most beloved and versatile actresses, known for her insightful opinions and candid approach to life. Having enjoyed a successful career, she is highly regarded, and her views carry significant weight. Hin...

More like this
Related

Rohde & Schwarz Pakistan concludes day 01 of IDEAS 2024 on a positive note

KARACHI: 12th edition of IDEAS 2024 got underway today i.e. 19th November 2024 at Kashmir Hall, Karachi Expo Centre, Karachi. inauguration ceremony was a grand affair attended delegates, exhibitors, senior members of armed forces and selected members...

Gold prices hit one-week high

KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...

Profit-taking drags PSX down, KSE-100 falls by 310 points

KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...

Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Need Help? Chat with us