Exports perform well, up by 34% to China: Razak Dawood

Jul 06, 2021: Adviser to Prime Minister on Commerce, Abdul Razak Dawood Tuesday said that despite the negative impacts of Covid-19, the exports have performed well in the country’s major markets.

“I’m pleased to share that our exports have done quite well in our major markets,” the adviser tweeted, adding that the country’s exports to China increased by 34 percent to $2.33 billion during the Fiscal Year 2020-21 as compared to exports of $1.74 billion during FY2019-20. This also showed an increase of $ 586 million during FY21.

Likewise, the adviser said that the exports from Pakistan to Germany grew by 19 percent to $1.5 billion over the previous year’s $ 1.3 billion while the exports to the Netherlands increased by 23 percent to $1.2 billion as compared to the previous year’s $1 billion.

The country’s exports to Poland increased by 28 percent to $308 million in FY 2020-21 as compared to $ 241 million FY 2019-20, he added.

He said that the exporters accomplished achievement despite the problems created by the COVID-19 pandemic and they deserve credit for it.

He also lauded the efforts of the Ministry of Commerce and Trade and Investment Officer in different countries for their contribution in promoting the country’s exports.

“I’m pleased to share that our exports have done quite well in our major markets. During FY 2021, our exports to China increased by 34% to $2.33 billion as compared to $1.74 billion in the previous FY, increasing by $586 million. Our exports to Germany grew by 19% to $1.5 billion… Our exporters have accomplished this despite the problems created by the COVID-19 pandemic & they deserve credit for it. I also commend the efforts of MOC’s Trade & Investment Officers,” he tweeted

Earlier, the adviser said that Pakistani exports to US were recorded at $ 5.2 billion as compared to the exports worth $3.7 billion last year, showing an increase of $1.45 billion.

“This is the first time in our history that our exports to the US have crossed the $5 billion mark,” he added.

APP