Pakistan beats India, Bangladesh and whole of South Asia in export growth rate

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ISLAMABAD – Pakistani exports witnessed the fastest growth rate during November 2021 in the South Asia region, said Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood on Friday.

In a couple of tweets, Dawood said that Pakistan’s exports grew by 33.5 percent in Nov this year as compared to the same month in the previous year.

However, India and Bangladesh witnessed 26.5% and 31.3% growth rate.

“I have been informed that during the month of Nov 2021, Pakistan’s exports had the fastest growth rate in South Asia. Our exports grew by 33.5% compared to Bangladesh’s 31.3 % and India’s 26.5% growth,” he wrote.

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

Earlier this month, Dawood revealed that the country’s exports witnessed 33 percent increase in November 2021 to a historic monthly high of $2.9 billion.

In a series of tweets, Dawood said that the exports during Nov 2020 were recorded at $2.174 billion, saying the target for the last month was $2.6 billion.

He said during the first five months of the running fiscal year, the exports increased by 27 percent to $12.365 billion as compared to $9.747 billion during the same period last year while the target for this period was $12.2 billion.

Read more: https://pakobserver.net/pakistan-exports-first-ever-meat-consignment-to-jordan/

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