Rise in Pakistan’s exports of FY20-21: ISLAMABAD: The government’s business-friendly plans bearing fruit as the nation’s exports enhanced by 7.12 percent during the first three quarters of the current (2020-21) as contrasted to the equivalent period of the in 2014.
According to the Pakistan Bureau of Statistics (PBS), the exports from the country during July-March (2020-21) were tape-recorded at $18.685 billion against the exports of $17.443 billion during July-March (2019-20).
The imports throughout the duration under evaluation additionally boosted by 13.57 percent by growing from $34.791 billion in 2014 to $39.512 billion during the first 3 quarters of the existing fiscal year.
Based on the numbers, the nation’s trade deficit boosted by 20.05 percent throughout the very first 3 quarters as contrasted to the equivalent duration of last year.
The trade deficit during the period was videotaped at $20.827 billion against the deficiency of $17.348 billion in 2014.
On the other hand, on year-on-year basis, the exports of the country raised by 30.44 percent during the month of March 2021 as contrasted to the exports during the same month in 2015.
The exports during March 2021 were recorded at $2.361 billion against the exports of $1.810 billion in March 2020, the data revealed.
The imports right into the country increased from $3.308 billion in March 2020 to $5.632 billion in March 2021, showing growth of 70.25 percent.