Pharmaceutical products exports dip by 2.57pc.

ISLAMABAD -- The exports of pharmaceutical products witnessed nominal decrease of 2.57 per cent during the eleven months of ongoing fiscal year (2019-20) as compared to the exports of corresponding period of last year. The pharmaceutical exports were recorded at $192.549 million during July-May (2019-20) as against the export of $197.629 million during July-May (2018-19), showing negative growth of 2.57 per cent, according to the Pakistan Bureau of Statistics (PBS) data. In terms of quantity, the exports of pharmaceutical products however witnessed increase of 2.67 per cent by going up from 12,869 metric tonnes to 13,213 metric tonnes, according to the data. Meanwhile, year-on-year basis the pharmaceutical goods export decreased by 10.05 per cent during the month of May 2020 as compared to the same month of last year. The pharmaceutical exports in May 2020 were recorded at $16.055 million against the export of $17.848 million in May 2019, the PBS data revealed.

On month-on-month basis, the exports of pharmaceutical product however rose by...