Pakistan’s Exports Rise 6% YoY To $1.87 Billion In September

Pakistan’s exports rose 6% to $1.872 billion in September 2020, as compared to the corresponding month of last year. This was stated by the Adviser to The Prime Minister on Commerce & Investment, Abdul Razak Dawood on Friday.

Alhamdolillah, the export figures for Sep 2020 have shown improvement. As compared to Sep 2019, our exports have grown 6% to USD 1.872 billion. Although this is better than decrease of 15% in Aug 2020, I still feel that with sufficient backlog of orders we can do much better. 1/2

— Abdul Razak Dawood (@razak_dawood) October 2, 2020

Sharing the data of exports on Twitter, the adviser stated, “The export figures for September 2020 have shown improvement. As compared to Sep 2019, our exports have grown 6% to USD 1.872 billion.”

Nonetheless, Abdul Razak believes that there is still room for improvement.

“Although this is better than a decrease of 15% in August 2020, I still feel that with an adequate backlog of orders, we can do much better,” Dawood stated.

Besides executing current orders I urge the exporters to pursue more orders from existing markets and reach out to untapped markets. I am hopeful that in October 2020 we will have further growth. 2/2

— Abdul Razak Dawood (@razak_dawood) October 2, 2020

Meanwhile, the adviser urged exporters to win more orders from the existing markets and reach out to untapped markets, besides fulfilling the current demands. “I am hopeful that in October 2020, we will have further growth.”

It must be noted here that after recording growth in exports during the month of July 2020, the nation witnessed a sharp decline in exports during August. Exports clocked in at $1.58 billion in August 2020, which were 15% less than last year’s same period.

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