Pakistan Economy Thread

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exports to
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jump 29pc to $4bn during 10MFY21


Pakistan’s exports to the United States jumped 29 per cent to $4 billion during July-April 2020-21, announced Adviser to Prime Minister on Commerce Abdul Razak Dawood.

In a series of tweets on Tuesday, he said that Pakistan had managed to ship merchandise worth $3.2 billion in the same period of previous fiscal year. “US continues to remain an important market for Pakistan,” he said.

“A substantial increase of $918 million was witnessed and credit goes to our exporters for making it possible under difficult global conditions,” Dawood cherished.

He urged government officials to provide maximum facilitation for the exporters and investors.....

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IT industry achieves 43.61% Growth....

Information Technology and Telecommunication Industry has achieved 43.61 per cent growth rate compared to the corresponding period, July-March, 2019-20, during which IT exports remittances inflow totaled $1.052 million.

According to the report, Information and Communication Technology ((ICT) Pakistan’s ICT export remittances, including telecommunication, computer and information services have surged to $1.512 billion during July-March, 2020-21 thus maintaining the track record of delivering consecutive exports remittances inflow growth.

Meanwhile, Pakistan Software Export Board (PSEB), an entity of the Ministry of Information Technology and Telecommunication has launched a comprehensive project aimed at enhancing the quality and capability of IT professionals in Pakistan.

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Exports to
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surge 29% in 10MFY21........


Adviser to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood said on Sunday that the country’s exports were gradually increasing and export to Australia jumped by 29 per cent during 10 months of the current fiscal year.

In a tweet, the adviser said that the country had witnessed $52 million worth of more exports to Australia during July-April FY2021 as compared to the same period last year.

“We are glad to share that during Jul-April 2021, our exports to Australia increased by 29% to USD 229 million as compared to USD 177 million in Jul-April 2020. This is the highest 10-months export to Australia ever,” he tweeted

 
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