PBS clarifies export, import figures

Pakistan Bureau of Statistics (PBS) has clarified that export and import figures presented in the summary trade statistics placed on the PBS website on Sept. 11, 2017, for Aug.’17 carried an incorrect number in US $ terms. As per the corrected numbers, the exports in Aug.’17 showed a healthy growth of 14.41% to $ 1.87Bn from $ 1.63Mn over Jul.’17 and not 26.85% while 12.8% growth over the last Aug.’16 in dollar terms. Similarly for imports, the data shows a low growth of 2.42% to $ 4.95Bn from $ 4.84Bn over Jul.’17 and 15.08% over Aug.’16 in dollar terms. PBS in a statement uploaded on its website stated that this occurred due to use of incorrect exchange rate for Aug.’17.