Exports in November rise 7.2pc to $2.15bn

ISLAMABAD: The country’s exports crossed $2-billion mark for the second consecutive month in November, registering a 7.2pc growth over the same month of last year, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood revealed on Tuesday.

Taking to Twitter, Razak Dawood felicitated the exporters for “working hard despite the resurgence of Covid-19 in Pakistan”.

As per the figures shared by the commerce adviser, exports in November 2020 rose 7.2pc to $2.156 billion when compared with $2.011 billion in November 2019.

“We have just received provisional figures for export of goods. I wish to congratulate our exporters that in these very difficult times with resurgence of Covid-19 cases in Pakistan & globally, our exports have increased by 7.2pc in November 2020 over the same period last year,” he said. “Thanking Allah Almighty, we have once again crossed the $ 2 billion mark in exports per month.”

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While the data regarding exports of the last month is yet to be issued by Pakistan Bureau of Statistics (PBS), the provisional data shared by the commerce ministry shows that exports during the first five months (July-November) of FY21 were recorded at $9.732 billion as against $9.545 billion in July-Nov FY20.

It is to be noted that exports had also crossed $2-billion mark in Oct 2020 despite contraction in major markets and uncertainty created by the recent resurgence of the Covid-19 pandemic.

As per the ministry, exports had started increasing after July 2020 and were back on track to pre-Covid levels.

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Ghulam Abbas
The writer is a member of the staff at the Islamabad Bureau. He can be reached at [email protected]

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