The export of pharmaceuticals goods from the country has witnessed a decrease of 3.25 per cent during the first three quarters of financial year (2021-22) as compared to the corresponding period of last year.
Pakistan exported pharmaceutical products worth US $200.529 million during July-March (2021-22) as compared to the export of US $207.269 million during July- March (2020-21), showing negative growth of 3.25 percent, according to the Pakistan Bureau of Statistics (PBS).
In term of quantity, the pharmaceutical goods export however rose by 7.60 percent from 18,930 metric ton to 20,262 metric ton, the data revealed.
Meanwhile, on a year-on-year basis, the pharmaceutical goods export decreased by 3.61 percent during the month of March 2022 as compared to the same month of last year.
The pharmaceutical exports in March 2022 were recorded at US $21.965 million against the export of $22.788 million in March 2021, the PBS data revealed.
On a month-on-month basis, the exports of pharmaceutical goods dipped by 6.89 percent in March 2022 as compared the $23.590 million in February 2022.
Earlier, the PBS had said that Pakistan’s yearly inflation rate rose to 13.4 per cent in April 2022 compared to 12.7 per cent in March 2022 and 11.1 per cent in April 2021.
According to the data released by PBS, the July-April average inflation remained 11.04 per cent compared to 8.62 per cent from the corresponding period last year.
April’s reading came slightly above the market expectations that were between 12.3 percent and 13 percent with an average estimate of 12.76 per cent.
On month-on-month basis, it increased by 1.6% in April 2022 as compared to increase of 0.7% in the previous month and increase of 1.3% in April 2021.
CPI inflation rural increased by 15.1% on year-on-year basis in April 2022 as compared to an increase of 13.9% in the previous month and 11.3% in April 2021. On month-on-month basis, it increased by 1.6% in April 2022 as compared to increase of 1.0% in the previous month and increase of 0.6% in April 2021.
