According to the figures released by the Ministry of Commerce, Pakistan’s exports from July 2020 to May 2021 had increased by 14 percent to $22.563 billion, up from $19.801 billion recorded in the 11 months of the previous fiscal year.
The Adviser to the Prime Minister for Commerce, Abdul Razak Dawood, tweeted on Wednesday that this increase of $2.762 billion is due to the efforts of Pakistan’s exporters who had maintained “the momentum of exports during a year marred by contraction and uncertainty in our major markets”.
ALSO READ
SBP Amends Rules to Encourage Banks to Increase Investments in Real Estate
On a monthly comparison, the exports had increased by 18.7 percent in May 2021 to $1.657 billion, as compared to $1.396 billion recorded in May 2020, the adviser wrote.
ALSO READ
FPCCI Organizes Webinar Session on PSW in Collaboration with FBR
He said, “The dip in exports to below [the Rs.] 2 billion mark is because of extended Eid holidays, which was done to curtail the spread of COVID-19 during Eid time”.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.