ISLAMABAD: The country's exports have posted six percent growth in September 2020-21 to $1.872 billion as compared to $1.76 billion during the corresponding month of last year. Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday took to Twitter, and stated that the export figures for September 2020 had shown improvement.
As compared to September 2019, the country's exports have grown six percent to $1.872 billion.
"Although this is better than decrease of 15 percent in August 2020, I still feel that with sufficient backlog of orders we can do much better," the advisor added.
Besides executing current orders, he urged the exporters to pursue more orders from existing markets and reach out to untapped markets.
"I am hopeful that in October 2020 we will have further growth," Dawood added.
According to the Pakistan Bureau of Statistics (PBS), the country's exports declined by 20.89 percent to $1.583 billion in August 2020 compared to $2.001 billion during the same period of July 2020.
However, exports declined by 14.8 percent to $1.583 billion in August 2020 as compared to $1.858 billion in the corresponding month of last year.
The data shows that the country exports increased by around 18 percent in September 2020, when compared to $1.583 billion in August 2020.
However, contrary to the past, the advisor did not mention about imports and trade balance figures.
For the last several months Dawood issues exports, imports and trade balance figures during the first two or three days of every month. However, on the following day, the PBS issues detailed figures, which most of the time contradicted the advisor's figures. The PBS is expected to release trade figures for September 2020 in the next few days.
Copyright Business Recorder, 2020
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