Pakistan’s exports exceed $2 billion for seventh consecutive month in April 2021

Major Exports of Pakistan: Rice, Cotton, Mangoes & More | Zameen BlogPakistan’s exports have crossed the $2-billion mark for seven successive months (October-April) of the FY21.

This was revealed via a tweet by the Adviser to Prime Minister on Commerce, Abdul Razak Dawood, on Sunday.

Trade policy fit for Pakistan's productivity growth - Gonzalo J. Varela

In a tweet, Dawood said that Pakistan’s export for April 2021 stood at $2.191 billion.

“This is the first time since 2011 that our monthly exports have passed the 2-billion mark for seven consecutive months.”

He said that the commodities sent abroad reported a growth of 129% over April 2020.

Nevertheless, the month could not be taken into account due to the lockdown last year.

Dawood added that exports for July-April 2021 grew by 13% to $20.879 billion as compared to $18.408 billion during the same period last year.

The International Trade Centre’s latest export potential assessment for Pakistan sees the country’s exports rising by up to $12 billion by 2024.

designplus » International Trade Centre (ITC) “GRASP – Pakistan” design concept

The increase in exports is forecast despite the impact of the COVID-19 pandemic in the current fiscal year on the country’s exports.

The report, which is based on a survey of 1,152 importers and exporters, identifies the most challenging trade hurdles facing Pakistani businesses.

It gives policymakers insight into which policies, procedures, and facilities must be strengthened to overcome trade costs and boost competitiveness.

What are your views on this? Share with us in the comments below.

  • Featured Content⭐