ANL 32.75 Increased By ▲ 1.28 (4.07%)
ASC 14.38 Increased By ▲ 0.28 (1.99%)
ASL 25.50 Increased By ▲ 1.70 (7.14%)
AVN 95.70 Increased By ▲ 0.95 (1%)
BOP 9.15 Increased By ▲ 0.01 (0.11%)
BYCO 9.98 Increased By ▲ 0.20 (2.04%)
DGKC 135.30 Increased By ▲ 0.50 (0.37%)
EPCL 51.25 Decreased By ▼ -1.00 (-1.91%)
FCCL 24.69 Decreased By ▼ -0.21 (-0.84%)
FFBL 24.50 Decreased By ▼ -0.30 (-1.21%)
FFL 15.42 Increased By ▲ 0.22 (1.45%)
HASCOL 10.72 Decreased By ▼ -0.03 (-0.28%)
HUBC 86.74 Increased By ▲ 1.94 (2.29%)
HUMNL 7.10 Increased By ▲ 0.10 (1.43%)
JSCL 26.59 Increased By ▲ 1.65 (6.62%)
KAPCO 39.20 Increased By ▲ 1.80 (4.81%)
KEL 4.11 Increased By ▲ 0.03 (0.74%)
LOTCHEM 14.72 Increased By ▲ 0.27 (1.87%)
MLCF 46.84 Decreased By ▼ -0.11 (-0.23%)
PAEL 37.10 Decreased By ▼ -0.09 (-0.24%)
PIBTL 11.83 Increased By ▲ 0.15 (1.28%)
POWER 10.50 Increased By ▲ 0.28 (2.74%)
PPL 91.50 Increased By ▲ 0.85 (0.94%)
PRL 25.82 Increased By ▲ 0.52 (2.06%)
PTC 8.90 Increased By ▲ 0.15 (1.71%)
SILK 1.40 Decreased By ▼ -0.01 (-0.71%)
SNGP 41.07 Increased By ▲ 2.57 (6.68%)
TRG 147.70 Increased By ▲ 6.10 (4.31%)
UNITY 30.48 Increased By ▲ 0.73 (2.45%)
WTL 1.54 No Change ▼ 0.00 (0%)
BR100 4,985 Increased By ▲ 72.55 (1.48%)
BR30 25,833 Increased By ▲ 500.7 (1.98%)
KSE100 45,964 Increased By ▲ 370.84 (0.81%)
KSE30 19,236 Increased By ▲ 179.9 (0.94%)
Business & Finance

Pakistan’s exports take a hammering, decline over 19pc in August

  • Abdul Razak Dawood said that the significant decline was due to the unprecedented monsoon rains, which resulted in disruption of the supply chain.
03 Sep 2020

The record-shattering monsoon rains took a toll on Pakistan’s exports after the country’s exports for the month of August dropped by 19.5 percent as compared to August 2019.

Advisor to Prime Minister on Trade Abdul Razak Dawood in a series of tweets on Thursday said that the significant decline was due to the unprecedented monsoon rains, which resulted in disruption of the supply chain.

“However, the positive sign is that regardless of this temporary decline, our trade balance continues to improve. Exporters are encouraged that despite the calamity of rain and flooding, we must pursue Make in Pakistan policy and export-led growth,” said Dawood.

“I have every confidence in our exporters that they will make up for the loss of August 2020,” he added.

Dawood had earlier highlighted that the rains would affect the country’s exports for the month of August owing to a delay in export consignments. “It appears that because of the heavy rains, particularly in Karachi, our export consignments are being delayed and hence our exports for the month of August may be affected,” tweeted Dawood.

Pakistan Bureau of Statistics (PBS) is expected to release provisional foreign trade figures within the next few days. However, the detailed foreign trade figures which are released during the third week of each month will unveil the sectors which are effected in August 2020.