Pakistan’s exports grow to $2.3b in March – ‘highest’ in ten years

[miafridi]

Pakistan’s exports grow to $2.3b in March – ‘highest’ in ten years​

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood took to Twitter Thursday to share data on Pakistan’s exports and imports during March 2021.

“Ministry of Commerce is glad to share that according to provisional figures, in March 2021 our exports increased to USD 2.345 Billion. This is an increase of 13.4% over Feb-2021. It is the monthly highest in last ten years,” he said in a series of tweets.

Razak pointed out this is also the first time since 2011 that exports have crossed the $2 billion mark for six consecutive months. “The export growth of 29.3% over March 2020 should not be considered as it is misleading since there was a lockdown last year,” he cleared.

He said imports grew to $5.3 billion in March mainly due to increased imports of petroleum, wheat, soy bean, machinery, raw material and chemicals, mobiles, fertilizers, tyres and antibiotics and vaccines.

For the 9-month period of July-March of the current financial year (FY), the adviser said exports increased by 7% to $18.669 billion as compared to $17.451 billion in the corresponding period last year.

During the same period, imports grew by 12% to $39.210 billion this FY as compared to $34.817 billion in the last FY. “This growth has come from increase in import of raw material as well as import of wheat, sugar and cotton,” he explained.

https://arynews.tv/en/pakistans-exports-grow-to-2-3b-in-march-highest-in-ten-years/

 

[miafridi]

The imports has risen too, but hopefully better production and management of wheat, cotton, and sugar will reduce this bill in future. The good thing is that the exports have picked up and if it stays consistent it will surely help Pakistan big time.

 

[Kam]

The imports has risen too, but hopefully better production and management of wheat, cotton, and sugar will reduce this bill in future. The good thing is that the exports have picked up and if it stays consistent it will surely help Pakistan big time.

Yup but exports growth is marginal and we are not going to achieve target of 26.5 billion in this year and 35 billion at the end of term.
Razzak Dawood need to work hard.
Our reliance on textile sector is not to bring any good news in near future.
Government have to think out of the box solutions.

 

[farooqak]

the imports is too much compared to the exports
Pakistan has to find ways of making the exports minimum 3 billion dollars a month
with the growing population, imports will always rise as the land is not able to feed the huge population

 

[Kam]

the imports is too much compared to the exports
Pakistan has to find ways of making the exports minimum 3 billion dollars a month
with the growing population, imports will always rise as the land is not able to feed the huge population

Enough land is available and only problem is utilization.
Government should immediately stop conversion of agriculture land into housing socities from a date onwards and should not do drama with existing under construction socities.
Yes unnecessary imports should be stopped immediately other than raw materials for value added good and machinery for industrialization.
Most importantly, thing which can be manufacturd locally but at higher should be given assistance to import state of the art machinery to reduce cost and make those competitive ad per international market.

 

[Fawad Javed]

being an agricultural country still importing Sugar and wheat baki pechay kia reh jata sab chor hain