ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment AbdulRazak Dawood said on Thursday the country’s exports recorded a 19.5 percent decline during August due to “unprecedented monsoon rains.”
Taking to Twitter, he said: “Due to the unprecedented monsoon rains,resulting in disruption of supply chain, our exports for the month ofAugust 2020 have recorded a decline of 19.5%, as compared to August 2019.”
However, he added, the positive sign is that regardless of this temporarydecline, the country’s trade balance continues to improve.
“Exporters are encouraged that despite the calamity of rain and flooding,we must pursue Make in Pakistan policy and export-led growth.
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I have every confidence in our exporters that they will make up for theloss of August 2020.”
