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.
- 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.
Pakistan’s exports crossed the $2-billion mark for the second consecutive month in November, registering a 7.2% growth over the same month of last year.
The news was disclosed by the Adviser to the Prime Minister on Commerce & Investment, Abdul Razak Dawood, on Tuesday.
Alhamdolillah, we have once again crossed the US$ 2 billion mark per month. 2/2 @ImranKhanPTI @aliya_hamza @PTVNewsOfficial @RadioPakistan @appcsocialmedia @tdap_official @pid_gov @Emergingpk
— Abdul Razak Dawood (@razak_dawood) December 1, 2020
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.
For the first 5 months of the current year, the exports have increased to USD 9.732 billion as compared to USD 9.545 billion over the same period last year. This has been due to hard work of our exporters and they deserve praise for this accomplishment. 2/2
— Abdul Razak Dawood (@razak_dawood) December 1, 2020
“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.
We have just received provisional figures for export of goods. I wish to congratulate our exporters that in these very difficult times with resurgence of COVID-19 cases in Pakistan & globally, our exports have increased by 7.2% in November 2020 over the same period last year.1/2
— Abdul Razak Dawood (@razak_dawood) December 1, 2020
“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.
On further examination of our November figures for export of goods, it is pleasing to note that exports in November 2020 have been the highest during last 10 years. This indicates a rising trend in our exports & I hope that with efforts of our exporters, this trend will continue. pic.twitter.com/YkH0FZYWiL
— Abdul Razak Dawood (@razak_dawood) December 2, 2020
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.
credit goes to COVID and normal exponential growth each year.
And somehow, some credit goes to you as well. I don’t know how though!
in the last government though we saw a zig zag pattern.
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
PROGRESSING PAKISTAN !!!! JALNAY WALAY KA MOOH KAALA
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