The Ministry of Commerce on Monday informed that the export target of USD $15.125 billion was achieved in the first half of FY 2021-22 from July-December.
From July-December 2021, Pakistan exports were USD$ 15.125 billion and the target for the first half of the current FY, was USD$ 15 billion, said a press release issued by the Ministry of Commerce here.
A consultative meeting was chaired by the Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood to discuss the trade trends in December 2021.
The Adviser was informed that according to the provisional pre-PBS data, Pakistan’s exports during December 2021 increased by 16.7 percent to USD$ 2.761 billion as compared to USD$ 2.366 billion in December 2020, showing an increase of almost USD $400 million.
He was informed that the export target for the month was USD$ 2.8 billion.
He was informed that there were indications that the growth in imports has started to decline.
During December 2021, Pakistan’s imports decreased by USD$ 1 billion to USD$ 6.9 billion as compared to USD$ 7.9 billion in November 2021.
He was informed that the import projection for December 2021 was USD 6.2 billion. As compared to December 2021, the imports increased by 37.9 percent to USD 6.901 billion as compared to USD 5.005 billion in December 2020.
He was also informed that during the first half of the current Financial Year (FY), exports during July-December 2021 increased by 25 percent to USD$15.125 billion as compared to USD$ 12.110 billion during the corresponding period last year.
He was informed that the export target for the first half of the current FY, which was USD$15 billion, has been achieved.—APP
