Pakistan leaves India, Bangladesh behind in terms of export-growth

July 7, 2020 (MLN): Advisor for Commerce, Textile, Industry and Production, and Investment of Pakistan, Abdul Razak Dawood has appreciated exporters for showing good performance during the Fiscal Year 2019-2020 as compared to the regional counterparts.

Taking to his twitter handle on Tuesday, he wrote: ‘I want to congratulate all our exporters on the good performance in 2019-20, in spite of the very challenging situation caused by COVID-19. Our exporters were only 6% less than 2019-20, while our regional countries Bangladesh was down 17% and India down by 14%.

Earlier this month, Abdul Razzak had lauded the exporters for their contribution to Pakistan’s economic recovery, due to their continued momentum and expansion of exports with new products and more geographical diversification. ‘Overall declining trend in exports, due to COVID, has been arrested’, he had said.

‘The good performance was also due to the timely lifting of the lockdown and the good coordination between Federal and Provincial agencies at the daily meetings of NCOC. Out Exporters deserve every praise for their effort, hard work and reaching out to out customers’, he added.

Pakistan has indeed showed resilience throughout the year, especially during the first two quarters of FY20, as compared to the previous years. The fourth quarter depicted a drastic fall in exports, mainly due to the disturbance in business activity by the Coronavirus.

Copyright Mettis Link News

Posted on: 2020-07-07T17:19:00+05:00

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