Islamabad: Pakistan’s overall exports have once again crossed the USD 2 billion mark in the month of April 2021 making it the seventh consecutive month for crossing the same marker, as confirmed by the popular news sources.
In one of his tweets, Advisor to Prime Minister Imran Khan on Commerce Abdul Razak Dawood mentioned that since 2011, this is the first time Pakistan has maintained the streak of plus USD 2 billion exports streak for 7 months of the current fiscal year i.e. October 2020 to April 2021.
As compared to the exports of April 2020, a growth of 129 percent has been reported but due to the outbreak of current pandemic and imposed lockdown last year, the month does not count. However, a comparison of FY 2020 and FY 2021 show a rise of 13 percent, USD 18.408 billion and USD 20.879 billion respectively.
The International Trade Center has issued a report backed by the data collected from 1,152 exporters and importers of Pakistan. The latest export potential assessment of Pakistan shows that the country’s exports are seen to be rising and crossing the USD 12 billion mark by the year 2024. It also identifies the issues faced by the trading community of Pakistan and clear understanding of the policies and procedures that need to be improved in order to reduce the costs and further strengthen trade.