Pakistan’s exports surged to historic monthly high of $2.9 billion in Nov

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ISLAMABAD – Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood revealed on Wednesday that the country’s exports witnessed 33 percent increase in November 2121 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.

Meanwhile, Prime Minister Imran Khan has congratulated Federal Board of Revenue (FBR) for achieving an increase of 35 percent in revenue collection during the last month as compared to November 2020.

Sharing a graph of FBR collection in his tweet today (Wednesday), he said tax collection increased by 37 percent during the last five months as compared to the same period of the last year.

In first four months of the fiscal year, the exports from the country witnessed an increase of 25.2 per cent as compared to the corresponding month of last year, PBS reported.

According to PBS provisional figures, the exports from the country during July-October (2021-22) were recorded at Rs1,570,444 million as against the exports of Rs1,254,337 million during July-October 2020-21.

Meanwhile, on year-on-year basis, the exports from the country increased by 23.77% in October compared to the exports of October, 2020.

The exports during October, 2021 amounted to Rs.423,371 million against the exports of Rs. 342,063 million during October, 2020.

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

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