Pakistan’s exports reached its highest figures since 2011

In March 2021, Pakistan's exports were $2.3 billion, with the highest since 2011, with monthly forecasts of monthly growth year on year and month on month, Razak Dawood, Prime Minister Advisor for Trade and Investment, says.

The government of Imran Khan was the first to loosen pandemic restrictions, encouraging export units to reopen in April 2020, a month after they had been shut down, in order to avoid the spread of Covid-19.

In November 2020, Pakistan exported goods to the US for 386.3 million dollars, compared to imports of 278.8 million dollars. Pakistan gained $107.5 million as a result of this bilateral trade.

Pakistan exported goods to the United States worth $347.8 million in January while imports amounted to $315.0 million, resulting in a profit of $32.8 million.

The Commercial Adviser of the Prime Minister has said that the 29.3% growth in exports could not have been seen between March 2019 and March 2020, as it is disappointing because of the lock-out in March, which slowed the industrial wheel to a bang.

Exports from Pakistan have increased from $17.4 billion in the previous financial year to $18.6 billion in the first nine months of today's fiscal year.

Meanwhile, cotton crises are said to have an effect on export prices, as cotton is the main textile manufacturing product, accounting for more than 60% of exports in general.

In order to maintain the country's rate of textile exports, analysts claimed that growth in the textiles industry was linked to the import of cotton from India.

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