ISLAMABAD – With a growth of 4.9 percent in the first half of the currentFY, Pakistan’s exports to ten countries declined mainly to the United ArabEmirates and Saudi Arabia.
The data reveals exports to the United Arab Emirates (UAE) fell by 22percent from $607 million last fiscal year to this year’s $474 million.Exports to Saudi Arabia also fell by 8.2 percent from $217.46 in 2019 to$199.73 in the same period.
It also revealed that Pakistan’s exports to Sri Lanka also declined by 18.2percent. Exports to Thailand climbed down by 47% to $115.69 million to just$61.14 million
Furthermore, the exports to Malaysia also remained in the negative by 29percent, reducing from $124.97 million to $89.28 million. Spain’s fell to$444.71 million from 480.32 million (7.4%).
It added that exports to Yemen also declined by 46percent, Madagascar by47%, and Djibouti by 53.3%.
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However, Pakistan’s exports to China improved by 18.4 percent to $1,047million in July-December 2020 from $974.5 million in 2019, despite theongoing Covid-19 pandemic.
Likewise, exports to the United States also increased by 18.4 percent,Britain by 20.8%, Germany at 15.1%, the Netherlands at 12.19%, andIndonesia at 39.2%.
Advisor to Prime Minister Imran Khan Abdul Razzak Dawood said that theofficials of the commerce ministry chaired a meeting to discuss the declineof exports and currently in process of forming strategies to improve these.
