Pakistan’s Exports Increased to Several Major Destinations in FY21: Razak

Technology

During FY 2021, Pakistan’s exports to China increased by 34 percent to $2.33 billion compared to $1.74 billion in the previous fiscal year, announced Adviser to Prime Minister for Commerce, Abdul Razak Dawood, on Tuesday.

This shows an increase of $586 million. “[Pakistan’s] exports have done quite well in our major markets,” the adviser said.

He wrote, “Our exports to Germany grew by 19 percent to $1.5 billion over previous FY’s $ 1.3 billion. The exports to the Netherlands increased by 23 percent to $1.2 billion compared to the previous FY’s $1 billion.”

He also informed that Pakistan’s exports to Poland increased by 28 percent to $308 million in FY21 compared to $241 million in FY20.

“Our exporters have accomplished this despite the problems created by the COVID-19 pandemic, and they deserve credit for it,” he wrote, adding, “I also commend the efforts of MOC’s Trade & Investment Officers and urge them to provide even greater facilitation to our exporters.”

The trade data released by the Pakistan Bureau of Statistics shows that Pakistan’s exports had grown by 18.11 percent to $25.268 billion during July-June 2020-21 from $21.394 billion against the corresponding period last year.

Source: Pro Pakistani