Pakistan’s exports rise by 7.2% and reach the $2-billion mark for second consecutive month

The news was disclosed by the Adviser to Prime Minister on Commerce & Investment, Abdul Razak Dawood, on Tuesday.

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  • Pakistan’s exports saw a 7.2% growth over the same month of last year.
  • The exports crossed the $2-billion mark for the second consecutive month.
  • The news was disclosed by the Adviser to Prime Minister on Commerce & Investment.

(Port of Karachi / Wikipedia)

Pakistan’s exports crossed the $2-billion mark for the second consecutive month in November, registering a 7.2% growth over the same month of last year.

The Adviser to Prime Minister on Commerce & Investment, Abdul Razak Dawood.

The news was disclosed by the Adviser to the Prime Minister on Commerce & Investment, Abdul Razak Dawood, on Tuesday.

Taking to Twitter, the minister felicitated the exporters for “working hard despite the resurgence of Covid-19 in Pakistan”.

According to the figures shared by the commerce adviser, exports in November 2020 rose 7.2% to $2.156 billion when compared with $2.011 billion in November 2019.

“We have just received provisional figures for export of goods. I wish to congratulate our exporters that in these challenging times with resurgence of Covid-19 cases in Pakistan and globally, our exports have increased by 7.2% in November 2020 over the same period last year,” he said.

“Thanking Allah Almighty, we have once again crossed the $ 2 billion mark in exports per month.”

The data regarding exports of the last month is yet to be issued by the Pakistan Bureau of Statistics (PBS).

Nonetheless, the commerce ministry’s provisional data shows that exports during the first five months (July-November) of FY21 were recorded at $9.732 billion against $9.545 billion in July-Nov FY20.

It is to be noted that exports had also crossed the $2-billion mark in October 2020 despite a contraction in major markets and uncertainty created by the recent resurgence of the Covid-19 pandemic.

As per the ministry, exports had started increasing after July 2020 and were back on track to pre-Covid levels.

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

  • Chahca we were thinking this month might be a record setting for export due to so called full fledge recovery of Phaislabad Industry but Khoda Pahar Nikla Razaq. Chutiya bna rkha hai hme bc


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