ISLAMABAD: Pakistan’s exports to China, United States and the European Union marked a significant increase between July-April Fiscal Year 2021, announced Adviser to Prime Minister on Commerce, Abdul Razak, Dawood.
The exports marked an increase of 31% to $1.9 billion to China, due to implementation of second phase of the China-Pakistan Free Trade Agreement (CPFTA) between both the neighboring countries from January 1, 2020 and spanning till 2024.
Crossing the $4 million mark, the exports from Pakistan to US recorded an increase of 29% at USD $4,092 million during July-April 2021, as compared to USD 3,173 million in Jul-Apr 2020.
Taking the microblogging site – Twitter, the Adviser to PM on Commerce, Abdul Razak, Dawood lauded the efforts of MOC’s Trade & Investment Officers and urged them to provide maximum facilitation to our exporters & Investors.
The exports increased by 17.4% to $7.474 billion to the EU as compared to USD 6.367 Billion in Jul-Apr 2020. The major markets of the EU countries includes Poland (23 percent), Sweden (21 percent), Netherlands (21 percent), Germany (19 percent), France (14 percent), Belgium (12 percent), Italy (4 percent) and Spain (2 percent).
The exports to Germany rose 9% to $1.13 billion, whereas exports to the Netherlands increased 7% to $830.4 million.
Pakistan’s total exports in July-March FY2021 were recorded at $18.6 billion, marking a positive growth of 2% in value, as per the data released by the State Bank of Pakistan (SBP).
On the other hand, the exports to Bangladesh by 24%, UAE by 16%, Spain by 13%, and Italy by 6%.
For news and blogs, visit Graana.com.
Lahore: The Lahore Development Authority (LDA) has announced plans to launch development works in the…
KARACHI: The Sindh government is set to launch the Lyari Transformation Project this year to…
Islamabad: The Capital Development Authority (CDA) has added two major infrastructure initiatives to its latest…
Islamabad / Northern Pakistan: A 5.6 magnitude earthquake struck parts of northern Pakistan on Friday,…
Islamabad: National Highway Authority (NHA) Chairman Muhammad Sheheryar Sultan has announced that the authority has…
Lahore: In a landmark development, the Punjab Environment Department has issued its first-ever comprehensive environmental…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
