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Jewelry exports up by 29% in FY16

12:50 PM | 1 Aug, 2016
Jewelry exports up by 29% in FY16
ISLAMABAD - Jewelry exports from the country increased by 28.78 percent during the fiscal year 2015-16 compared to the corresponding period of last year, according to the Pakistan Bureau of Statistics.

The overall value of jewelry exports in the country during July-June (2015-16) was recorded at $8.492 million compared to exports of $6.594 million in July-June (2014-15)  last year.

Meanwhile, on an annual basis, the jewelry exports had increased by $183.55 million in June 2016 compared to the exports of June 2015.

Jewelry exports during June 2016 were recorded at $1.310 million in June 2016 compared to the exports of $0.462 million in June 2015.

On a monthly basis, exports of jewelry increased by 18.23 percent in June 2016 when compared to the exports of $1.108 million in May 2016, PBS data revealed.

Meanwhile, gem exports from the country declined by 49.72 percent during the fiscal year 2015-16 by going down from $7.846 million last year to $3.944 million during the current year.

On an annual basis, the exports of gems decreased by 30.83 percent in June 2016 to $0.249 million compared to the exports of $0.360 million.

While as compared to the exports of $0.487 million in May 2016, the exports of gems in June decreased by 48.87 percent.

The overall mercantile exports from the country declined by 12.11 percent during the year 2015-16 as compared to same period of previous year.

The country's exports went down from $23.667 billion in July-June (2014-15) to $20.802 billion during thecorresponding period of 2015-16.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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