Exports to China up by 34pc: Razak

Published July 7, 2021
Despite the negative impact of Covid-19, the country has recorded an increase in exports to major markets, said Adviser to Prime Minister on Commerce Abdul Razzak Dawood on Tuesday. — APP/File
Despite the negative impact of Covid-19, the country has recorded an increase in exports to major markets, said Adviser to Prime Minister on Commerce Abdul Razzak Dawood on Tuesday. — APP/File

ISLAMABAD: Despite the negative impact of Covid-19, the country has recorded an increase in exports to major markets, said Adviser to Prime Minister on Commerce Abdul Razzak Dawood on Tuesday.

“I’m pleased to share that our exports have done quite well in our major markets,” Mr Dawood tweeted, adding that the country’s exports to China increased by 34 per cent to $2.33 billion during the fiscal year 2020-21 as compared to $1.74bn exports in the previous fiscal year.

This showed an increase of around $586 million exports to China during FY21.

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

With a 28pc increase in exports to Poland, Pakistan also performed well by recording $308m export in FY 2020-21 as compared to $241m FY 2019-20, he added.

He said the exporters accomplished achievement despite the problems created by Covid-19 pandemic and they deserved credit for it. He also lauded the efforts of the Ministry of Commerce and Trade and Investment Officer in different countries for their contribution towards promotion of country’s exports.

The adviser earlier said Pakistan’s exports to the US increased by $1.45bn to reach $5.2bn as compared to $3.7bn export of last year.

He said this was for the first time that Pakistan’s exports to the US crossed the $5 billion mark.

Published in Dawn, July 7th, 2021

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