Business

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.