Pakistan Recorded Fastest-Ever Export Growth in February

Pakistan’s exports of goods had the fastest-ever growth recorded on a monthly basis in February 2022.

The Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said in a tweet that according to provisional data released by the Pakistan Bureau of Statistics (PBS), exports soared by 36 percent to $2.808 billion in February 2022 as compared to $2.068 billion in the corresponding period last year.

He added that Pakistan’s exports increased at the rate of $100 million per day, which is the fastest for any month.

We would like to share that according to provisional (pre-PBS) data, 🇵🇰 exports in Feb 2022 have increased by 36% to USD 2.808 billion as compared to USD 2.068 billion in Feb 2021. Our export increased at the rate of USD 100 million/day which is the fastest for any month. 1/2

— Abdul Razak Dawood (@razak_dawood) March 2, 2022

Dawood mentioned that Pakistan’s exports increased by 26 percent to $20.552 billion during July-February 2022 as compared to $16.324 billion from the corresponding period last year.

Regarding imports, he said, “the import data will be shared shortly after it is confirmed by the PBS”.

For Jul-Feb 2022, our exports increased by 26% to USD 20.552 billion as compared to USD 16.324 billion during Jul-Feb 2021.
The import data will be shared shortly after it is confirmed by the PBS. 2/2@aliya_hamza @mincompk @tdap_official #Exports #Trade #Pakistan #Commerce

— Abdul Razak Dawood (@razak_dawood) March 2, 2022

While Pakistan’s exports continue to grow, the current account deficit continued to widen in recent months due to the higher import bill — with a record increase in January 2022 surging to over $11.5 billion during the first seven months of the current financial year.

Import figures will be added accordingly.