Exports up by 34% to China, 19% to Germany: Dawood

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Islamabad

Adviser to Prime Minister on Commerce, Abudul Razak Dawood Tuesday said that despite the negative impacts of Covid-19, the exports have performed well in coun-try’s major markets.

“I’m pleased to share that our exports have done quite well in our major mar-kets,” the adviser tweeted, adding that the country’s exports to China increased by 34 percent to $2.33 billion during the Fiscal Year 2020-21 as compared to exports of $1.74 billion during FY2019-20. This also showed an increase of $ 586 million during the FY21.

Likewise, the adviser said that the exports from Pakistan to Germany grew by 19 percent to $1.5 billion over previous year’s $ 1.3 billion while the exports to the Neth-erlands increased by 23 percent to $1.2 billion as compared to the previous year’s $1 billion.

The country’s exports to Poland increased by 28 percent to $308 million in FY 2020-21 as compared to $ 241 million FY 2019-20, he added.

He said that the exporters accomplished achievement despite the problems created by the COVID-19 pandemic and they de-serve credit for it.

He also lauded the efforts of Ministry of Commerce and Trade and Investment Of-ficer in different countries for their contribution in promoting country’s exports

“I’m pleased to share that our exports have done quite well in our major markets. During FY 2021,our exports to China in-creased by 34% to $2.33 billion as com-pared to $1.74 billion in the previous FY, increasing by $586 million.

Our exports to Germany grew by 19% to $1.5 billion… Our exporters have accomplished this de-spite the problems created by the COVID-19 pandemic & they deserve credit for it.

I also commend the efforts of MOC’s Trade & Investment Officers..,” he tweeted Earlier, the adviser said that Pakistani ex-ports to US were recorded at $ 5.2 billion as compared the exports worth $3.7 billion of last year, showing increase of $1.45 billion.

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