Pakistan exports increase by 4.8pc in five months: Finance advisor

• Sheikh said that from July-Nov 2019, exports increased by 4.8pc as compared to same period last year.
• Value added exports like readymade garments, knitwear and other major exports are showing strong pick up in both quantity & value, he said.

Adviser to the Prime Minister of Pakistan on Finance and Revenue Abdul Hafeez Sheikh said that strong export growth is essential for the industrial expansion and job creation in an economy, as Pakistan posted 4.8pc export growth.

In a tweet, the advisor said that in five months (July-Nov 2019) exports increased by 4.8 percent as compared to same period last year. “Value added exports like readymade garments, knitwear & other major exports are showing strong pick up in both quantity & value,” he said.

Robust export growth is vital for industrial expansion & job creation.

In 5 months (July-Nov 2019) exports increased by 4.8% vs same period last year.

Value added exports like readymade garments, knitwear & other major exports are showing strong pick up in both quantity & value. pic.twitter.com/9L7yGGBmJ6

— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) December 20, 2019

As per the data of Major Exports of Pakistan in 2019-20 (July-November) shared by Hafeez, knitwear items worth $1,320 million were exported in the five months, showing a quantity increase of 6 percent and value increase of 8.69pc.

Whereas, Pakistan exported $1,156mn worth of readymade garments in five months, showing an increase of 36pc in quantity and 13.19pc in value. Meanwhile bedwear was third on the list with $1.013bn worth of exports, an increase of 14.37pc in quantity and 4.69pc in value.