Tag: Q1 2023

  • Knitwear tops the list: Pakistan’s exports surge by 25.54%

    In the fiscal year 2023–24, Pakistan’s exports, denominated in rupees, experienced a notable 25.54 per cent increase during the first quarter (Q1) compared to the previous year, as per the Pakistan Bureau of Statistics (PBS).

    Between July and September 2023, exports amounted to Rs2,013,533 million, marking a 25.54 per cent boost from the same period in the previous year, according to PBS’s provisional data.

    Looking at year-on-year figures, September 2023’s exports surged by 31.27 per cent, totaling Rs737,295 million, compared to Rs561,643 million in September 2022.

    On a month-to-month basis, exports grew by 6.06 per cent, reaching Rs737,295 million in August 2023.

    Key export categories in August 2023 included knitwear (Rs103,029 million), readymade garments (Rs74,608 million), bed wear (Rs69,234 million), cotton cloth (Rs51,891 million), oil seeds, nuts, and kernels (Rs46,571 million), cotton yarn (Rs33,815 million), rice and others (Rs32,324 million), towels (Rs25,116 million), rice basmati (Rs19,008 million), and miscellaneous articles, excluding towels and bed wear (Rs16,922 million).

    On the other hand, imports during July to September 2023 (FY2023-24) totaled Rs3,560,763 million, showing a decrease of 2.45 per cent compared to the same period in the previous year.

    In a year-on-year comparison, imports into Pakistan during September 2023 amounted to Rs1,189,167 million, a 2.52 per cent decline from September 2022.

    Month-on-month data indicated a 10.62 per cent increase in imports in September 2023 compared to August 2023.

    Key imported commodities in September 2023 included petroleum products (Rs162,087 million), petroleum crude (Rs146,179 million), liquefied natural gas (Rs75,331 million), palm oil (Rs61,388 million), plastic materials (Rs49,628 million), electric machinery and apparatus (Rs44,699 million), iron and steel (Rs44,191 million), mobile phones (Rs37,093 million), iron and steel scrap (Rs27,299 million), and pulses/leguminous vegetables (Rs22,208 million).

  • Dubai airport smashes pre-pandemic records with 16,713 flights in March

    Dubai airport smashes pre-pandemic records with 16,713 flights in March

    The Dubai International Airport has achieved a remarkable milestone by exceeding pre-pandemic levels in March, recording an impressive 16,713 flights. This marks a 23.7 per cent growth compared to March 2022, with an additional 248 flights added as compared to March 2019. The airport has seen a steady increase in flight movements, with a total of 48,418 flights in the first quarter of 2023.

    In a broader context, the main local airports in the UAE, including Dubai, Abu Dhabi, and Sharjah, have recorded an overall increase of 29.36 per cent in the first quarter of this year compared to the same period last year.

    The country’s national carriers, such as Emirates, Etihad Airways, Fly Dubai, Air Arabia, and Air Arabia Abu Dhabi, have accounted for approximately 74 per cent of the total number of flights through the airports in the region.

    This remarkable increase in flights can be attributed to the expansion of national carriers and the growing attraction of international airlines to operate from the UAE’s airports. The impressive surge in air traffic is a testament to the UAE’s status as a global aviation hub, continuing to attract a diverse range of airlines and passengers from around the world.