Pakistan exported spices of worth $ 61.494 million during July-February (2020-21) against the exports of $ 56.836 million during July-February (2019-20).
The government has said good weather is likely to help farmers increase their grain crop to at least 75 million tonnes this year from about 65 million tonnes in 2020.
According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of March 2021 was recorded at $ 3.271bn, showing a month-on-month increase of 28.02 percent as compared to a deficit of $2.555bn recorded in February 2021.
"The UK's vaccination campaign faces a bump in the road owing to the EU's plans to restrict vaccine exports," said Shaun Osborne, Chief FX Strategist at Scotiabank.
During the period under review, the personal travel services decreased by 15.52 percent, from US $326.734 million last year to US $276.040 million during July-January (2020-21).
Exports of Basmati rice also registered 26.16 percent decrease in last 8 months of current financial year as against the exports of same period last year.
Taiwan's export orders are a leading indicator of demand for Asia's exports and for hi-tech gadgets, and typically lead actual exports by two to three months.
"Malaysia CPO reference prices is up for 10 straight months and Indonesia is likely to follow suit when it announces its April CPO export tax," Varqa added.