AGL 37.99 Increased By ▲ 0.42 (1.12%)
AIRLINK 131.50 Decreased By ▼ -1.00 (-0.75%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.64 Decreased By ▼ -0.23 (-2.59%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 87.50 Decreased By ▼ -2.66 (-2.95%)
FCCL 34.66 Decreased By ▼ -0.42 (-1.2%)
FFBL 65.69 Decreased By ▼ -0.81 (-1.22%)
FFL 10.34 Increased By ▲ 0.19 (1.87%)
HUBC 108.90 Increased By ▲ 2.50 (2.35%)
HUMNL 14.10 Increased By ▲ 0.70 (5.22%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.82 Decreased By ▼ -0.03 (-0.44%)
MLCF 41.36 Decreased By ▼ -0.44 (-1.05%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 180.60 Decreased By ▼ -0.65 (-0.36%)
PAEL 25.40 Decreased By ▼ -0.30 (-1.17%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 145.50 Decreased By ▼ -2.90 (-1.95%)
PRL 23.25 Increased By ▲ 0.03 (0.13%)
PTC 15.33 Increased By ▲ 0.09 (0.59%)
SEARL 67.66 Decreased By ▼ -1.13 (-1.64%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.50 Increased By ▲ 0.10 (1.35%)
TREET 14.13 Decreased By ▼ -0.11 (-0.77%)
TRG 50.75 Decreased By ▼ -0.10 (-0.2%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,738 Decreased By -30.2 (-0.31%)
BR30 29,401 Increased By 1.3 (0%)
KSE100 91,720 Decreased By -217.7 (-0.24%)
KSE30 28,616 Decreased By -127.7 (-0.44%)

ISLAMABAD: The Commerce Ministry is triumphant at 17 percent growth in exports during FY2020-21, indicating that exports will cross $ 25 billion mark.

According to Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood, merchandize exports will cross $ 25 billion whereas services exports will be $ 5 billion.

Razak Dawood and Secretary Commerce, Sualeh Ahmad Faruqui will formally announce trade figures at a press conference on Thursday (today).

On Wednesday, Prime Minister, Imran Khan in his speech in the National Assembly stated that Pakistan’s exports have posted a growth of 17 per cent during 2020-21. He did not share exact foreign trade figures but on the basis of 17 per cent, it can be assumed that exports will cross $ 25 billion in 2020-21 as compared $ 21.394 billion during 2019-20.

Last Pakistan achieved $ 25 billion mark in FY 2012-13 during the government of Pakistan People’s Party (PPP).

A couple of days ago, Secretary, Commerce, Sualeh Ahmad Faruqui informed the Senate Committee on Commerce that exports are performing very well.

When Business Recorder contacted Secretary Commerce and asked the final figure of exports of FY 2020-21, he replied that figures will be consolidated on Thursday (July 1) at 10am.

However, a senior official in federal government confirmed with authority that exports have crossed $ 25 billion mark.

The country’s imports which stood at $ 50.032 billion during the first 11 months of current fiscal are expected to be $ 55 billion during FY 2020-21 which implies trade deficit will be over 35 per cent as compared to 27.12 per cent in 2019-20.

Copyright Business Recorder, 2021

Comments

Comments are closed.