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Pakistan’s exports witness fastest growth rate in South Asia in November

trade import - Pakistan’s exports witness fastest growth rate in South Asia in November

PM’s Aide on Commerce & Investment Razak Dawood informed Pakistan’s exports grew by 33.5 percent in November 2021 as compared to Bangladesh’s 31.3 percent and India’s 26.5 percent growth

ISLAMABAD: Adviser to PM on Commerce and Investment Abdul Razak Dawood has said that Pakistan’s exports witnessed the fastest growth rate in South Asia during November 2021.

Taking to Twitter, Dawood claimed that the country’s exports grew by 33.5 percent in November as compared to Bangladesh’s 31.3 percent and India’s 26.5 percent growth.

“This has been made possible by the hard work of our exporters and they deserve praise for this accomplishment,” he added.

It is pertinent to mention here that Pakistan’s exports during November jumped to a historic monthly high of $2.903 billion as compared to $2.174 billion during the corresponding period of 2020-21.

Announcing the same on Twitter on December 1, Dawood had said that the figures had surpassed the government’s target of $2.6 billion.

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The commerce advisor had shared that during the first five months of the current financial year (5MFY22), Pakistan’s exports increased by 27 percent to $12.365 billion, as compared to $9.747 billion recorded in the same period last year.

The government has set a target of $38 billion for exports of goods and services for the ongoing fiscal year whereas Razak Dawood has expressed optimism that the government would try and exceed the target, reaching $40 billion in the current fiscal year.

Meanwhile, Commerce advisor Abdul Razzak Dawood on Friday inaugurated the Pakistan Virtual Export Gallery at the Trade Development Authority of Pakistan (TDAP).

He said the government was striving hard to increase exports of highest quality products.

The advisor expressed satisfaction over the performance of TDAP officers, adding, the TDAP exhibition in Lahore should be organized in a better arrangement as guests from abroad would be interested in Pakistani product.

Secretary TDP Ahsan Ali Mangi and other senior officials informed the PM’s Advisor that the exhibition of engineering and health equipment in Lahore would be held from February 25 to 27, for which a budget of Rs179.6 million had been approved.

The exhibition was expected to feature about 150 exhibitors while around 250 foreign delegates from 41 countries would participate in the exhibition.

They said the Lahore exhibition would display engineering and health equipment, adding, general public would be allowed to visit on the last day.

Razzak Dawood informed that heavy machinery should also be displayed in the exhibition.

Efforts should be made to a big open hall, displaying tractors and other machinery manufactured in Pakistan as heavy machinery manufactured in Pakistan was in high demand by other countries including Africa.

During the meeting, the Federal Advisor also spoke with TDP officers on the phone who were performing duty in Sukkur and Abbottabad and discussed matter pertaining to export and quality of the dates and honey.

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