Monthly basis: Pakistan's exports hit record high of $2.9bn in November
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Loading... - Veer Malhotra
- 01 Dec 2021
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The advisor shared the latest export figures via Twitter. He added that import figures, which would be key in determining the trade balance, would be shared shortly.
“Pakistan’s exports during Nov 2021 increased by 33% to a historic monthly high of $2.903 billion as compared to $2.174 billion during the corresponding period last year,” said Dawood.
The advisor shared that the export figures surpassed the government export target of $2.6 billion.
On a monthly basis, exports were up 18% as compared to $2.466 billion in October.
Dawood added that during the first five months of this financial year, Pakistan’s exports increased by 27% to $12.365 billion, as compared to $9.747 billion recorded in the same period last year. “Our target for this period was $12.2 billion,” he said.
Eyeing to enhance the export base, the government has set a target of $38 billion for exports of goods and services for the ongoing fiscal year.
Back in September, Dawood expressed optimism that despite the above-stated target, the government would try to exceed it and reach $40 billion for FY22, expressing confidence that the industries and farmers will play their role in helping the government achieve it. Read More…
