In a first, Pakistani exports to US hit an unprecedented mark

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In a first, Pakistani exports to US hit an unprecedented mark

Exports of Pakistan to the US during the months of Oct & Nov 2020 stood at USD 430 million & USD 437 million respectively. This is the first time that exports to the US have crossed US dollar 400 million mark in a month.

The aforesaid announcement was made by Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood on his Twitter handle.

‘It is a great achievement by our exporters & I encourage them to market their exports to the US aggressively in order to capture a greater share of the market’, he said.

Moreover, China’s politically sensitive trade surplus soared to a record US$75.4 billion in November as exports surged 21.1% over a year earlier, propelled by American consumer demand.

Exports to the United States rose 46% despite lingering tariff hikes in a trade war with Washington, customs data showed Monday.