ISLAMABAD: Despite the unfavorable impact of Covid-19, the nation has actually tape-recorded a rise in exports to major markets, said Consultant to Prime Minister on Business Abdul Razzak Dawood on Tuesday.
“I delight in to share that our exports have done rather well in our significant markets,” Mr Dawood tweeted, including that the country’s exports to China raised by 34 per cent to $2.33 billion during the 2020-21 as compared to $1.74 bn exports in the previous fiscal year.
This revealed a rise of around $586 million exports to China throughout FY21.
Likewise, the advisor stated, exports from Pakistan to Germany expanded by 19pc to $1.5 bn over the previous year’s $1.3 bn while exports to the Netherlands enhanced by 23pc to $1.2 bn as compared to the previous year’s $1bn.
With a 28pc increase in exports to Poland, Pakistan additionally carried out well by tape-recording $308m export in FY 2020-21 as contrasted to $241m FY 2019-20, he included.
He claimed the exporters accomplished achievement despite the problems produced by Covid-19 pandemic and they deserved credit history for it. He also admired the efforts of the Ministry of Business and also Profession and also Financial investment Policeman in different nations for their payment towards promo of country’s exports.
The advisor previously claimed Pakistan’s exports to the United States boosted by $1.45 bn to reach $5.2 bn as contrasted to $3.7 bn export of last year.
He claimed this was for the first time that Pakistan’s exports to the United States went across the $5 billion mark.