Pakistan’s exports have increased to $2.345 billion in March 2021,according to the provisional figures by the Ministry of Commerce, saidAdviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood,on Thursday.
He took to Twitter and announced, “Ministry of Commerce is glad to sharethat according to provisional figures, in March 2021 our exports increasedto USD 2.345 billion. This is an increase of 13.4 percent over Feb-2021. Itis the monthly highest in last ten years.”
He said that this is also the first time since 2011 that the country’sexports have crossed the $2 billion mark for six consecutive months. Theexport growth of 29.3 percent over March 2020 should not be considered asit is misleading since there was a lockdown last year, he noted.——————————
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The adviser wrote, “The imports in March 2021 grew to USD 5.313 billion,which is mainly due to increased imports of Petroleum, Wheat, Soy Bean,Machinery, Raw Material and Chemicals, Mobiles, Fertilizers, Tyres andAntibiotics & Vaccines in March 2021.”
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For the 9-month period of July 2020 to March 2021 of the current FinancialYear (FY), Pakistan’s exports have increased by 7 percent to $18.669billion compared to $17.451 billion in the corresponding period last year.During the same period, the import grew by 12 percent to USD 39.210 billionthis fiscal year compared to $34.817 billion in the last fiscal year.
This growth has come from an increase in the import of raw material and theimport of wheat, sugar, and cotton, Dawood explained.
