Fertilizer exports from the country during the first 11 months of fiscal year ending on June 30, 2018, witnessed tremendous growth of massive 632.74 percent as compared the exports of the corresponding period of last year.
During the period from July-May, 2017-18, about 234,145 metric tons of fertilizers manufactured worth US$ 51.321 million were exported as compared the exports of 30,124 metric tons valued US$ 7,004 of the same period last year.
Meanwhile, the country also earned US$ 957.940 million by exporting other chemicals and pharmaceutical products, which was stood at US$ 784.800 million in the corresponding period of last year, said the data of Pakistan Bureau of Statistics.
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The exports of other chemicals grew by 31.77 percent and were recorded at US$ 505.83 million in eleven months of the fiscal year 2017-18 as against US$ 383.882 million of the same period last year, it added.
Meanwhile, 475,550 metric tons of cotton yarn worth US$ 1.247 billion were exported in last 11 months of the current financial year as compared the exports of 414,430 metric tons valuing US$ 1.134 billion of the same period last year.
During the period under review, 1,996,488 thousand square meters of cotton cloth worth US$ 2.015 billion exported as against the exports of 1,887,519 thousand square meters valuing US$ 1.980 billion of the same period last year.
According to the data exports of yarn other than cotton also increased by 38.1 percent and 10,670 metric tons of the above-mentioned commodity worth US$ 30.273 million exported as compared the exports of 8,115 metric tons valuing US$ 21.935 million of the same period of last year.
And the Pakistani taxpayers are paying for this as fertilisers continue to be subsidized . . . what a competent decision to export tax-payer subsidized products and goods for the profit of a few rich families!