ISLAMABAD – Pakistan’s exports to Canada have registered a nearly 10 percent increase in the first 10 months of the current financial year as perdata released by the State Bank of Pakistan.
According to a statement by the Pakistan High Commission in Canada, thefresh SBP data reveals that Pakistan’s exports to Canada during the first10 months of the current financial year have gone up by 9.8 percent ascompared to the growth in the corresponding period of the last year.
In terms of volume, Pakistan’s exports to Canada during the period fromJuly 2020 to April 2021 increased from $231.2 million to $253.9 million ascompared to the corresponding period of the previous year, says the pressrelease quoting data released by the State Bank of Pakistan.
The SBP has also released its second quarterly report on Pakistan’s economyfor the fiscal year 2020-21, stating that the country witnessed surge inindustrial output and tax collection.
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“The report highlights the strengthening of the economic recovery duringthe second quarter of the fiscal year,” reads the report.
“This was evident from the growing pace of industrial activity, promisingoutput of major Kharif crops (with the exception of cotton), and a pick-upin the services sector during the review period,” it added.
