Pakistan Exports Increase To $2.3 Billion In March, A Monthly Highest In The Last Decade Compared To February 2021

Meanwhile, the imports surpassed the exports and grew to $5.3 billion in March 2021.

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Trade policy fit for Pakistan's productivity growth - Gonzalo J. VarelaIn March this year, Pakistan’s exports have registered a growth of $2.3 billion, an increase of 13.4% over February, a monthly highest in the last decade.

This is an increase of 13.4% over February, a monthly highest in the last decade.

This was announced by the Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, in a tweet on Thursday.

“(The) Ministry of Commerce is glad to share that according to provisional figures, in March 2021, our exports increased to $2.345 billion.”

“This is an increase of 13.4% over February-2021. It’s the monthly highest in the last ten years,” Dawood said in a series of tweets.

The minister pointed out this is also the first time since 2011 that exports have crossed the $2 billion mark for six consecutive months.

“The export growth of 29.3% over March 2020 should not be considered as it is misleading since there was a lockdown last year,” he cleared.

Dawood added that the imports grew to $5.3 billion in March mainly due to increased imports of several products.

These include petroleum, wheat, soybean, machinery, raw material and chemicals, mobiles, fertilizers, tires, antibiotics, and vaccines.

For the nine months of July-March of the current financial year (FY), the exports increased by 7% to $18.669 billion compared to $17.451 billion in the corresponding period last year.

During the same period, imports rose by 12% to $39.210 billion this FY compared to $34.817 billion in the last FY.

“This growth has come from a surge in import of raw material as well as the import of wheat, sugar, and cotton,” he explained.

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    • پاکستان آہستہ آہستہ صحیح ڈائریکشن پر چل رہا ھے اور آئیندہ 2 سے 3 سالوں میں پاکستان مکمل طور پر اپنے معیشیت کو سنبھال لے گا جس سے یقیناً عوام کو مزید روزگار کے مواقع میسئر ہونگے اور ملک ترقی کی راہ پر گامزن ہو جائے گا۔ انشاءالللہ


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